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Guardian signs controversial deal to sell The Observer to Tortoise Media

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December 6, 2024

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YouTube Description

as posted by the channel

The owner of The Guardian is pressing ahead with the sale of the world's oldest Sunday newspaper to Tortoise Media, just hours after scores of journalists went on strike in protest of the deal.

Guardian Media Group (GMG) and its parent, the Scott Trust, confirmed on on 6 December that the sale of The Observer to Tortoise Media - first reported by Sky News - would proceed.

As part of the deal, the Scott Trust will become one of Tortoise Media's largest shareholders, with a £25m investment in The Observer having been raised by the six-year-old start-up.

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