6 sources·Business

Sale of Observer Newspaper Approved Amid Staff Protests

The Scott Trust has approved the sale of the Observer to Tortoise Media, promising significant investment despite journalists' strike actions.

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Updated: Dec 6th, 2024, 2:28 PM ET

Summary

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The Scott Trust has finalized the sale of the Observer to Tortoise Media, ensuring a £25 million investment to maintain its legacy and editorial independence amidst protests from journalists, who staged a 48-hour strike. Tortoise Media commits to preserving the Observer's liberal values, sustaining its print edition, and enhancing its digital presence, with the Scott Trust remaining a shareholder.

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