Labour-linked investors attempt to gatecrash sale of The Observer
1 month, 3 weeks ago

Labour-linked investors attempt to gatecrash sale of The Observer

The Telegraph  

A group of wealthy Labour figures is attempting to gatecrash the sale of The Observer by mounting a rival bid. The Telegraph has learnt that a consortium of investors has written to the board of Guardian Media Group to express their interest in tabling an offer for the Sunday newspaper. The identities of the investors is not yet clear, though one possible backer is Labour donor and green energy tycoon Dale Vince. However, a source close to the tycoon said he had a lot of respect for The Observer, describing it as an “important newspaper”. The source added: “He says there needs to be media plurality.” One person familiar with the approach said the investors, who are being represented by a London law firm, were concerned about plans to sell The Observer to Tortoise Media, a loss-making startup run by former BBC News boss James Harding.

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Guardian’s Observer, world’s oldest Sunday newspaper, sold to Tortoise Media; it says, ‘will uphold historic values’
5 days, 13 hours ago

Guardian’s Observer, world’s oldest Sunday newspaper, sold to Tortoise Media; it says, ‘will uphold historic values’

Live Mint  

The owner of Britain's Guardian newspaper announced on Wednesday the sale of the Observer, the world’s oldest Sunday newspaper, to Tortoise Media for an undisclosed amount. The Scott Trust, which owns Guardian Media Group, stated that Tortoise Media is acquiring the Observer through a combination of cash and shares. Tortoise, founded in 2019 by James Harding, a former Times editor …

Guardian urged to ‘press pause’ on Observer sale as more strikes planned
Trending News
2 weeks, 3 days ago

Guardian urged to ‘press pause’ on Observer sale as more strikes planned

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The head of the UK’s union movement has weighed in …

Sale of UK’s Observer, world’s oldest Sunday newspaper and a bastion of liberal values, is agreed
2 weeks, 3 days ago

Sale of UK’s Observer, world’s oldest Sunday newspaper and a bastion of liberal values, is agreed

Associated Press  

LONDON — The sale of the Observer, the world’s oldest Sunday newspaper and a bastion of liberal values in Britain’s media landscape, was approved Friday despite two days of strike action from journalists this week. The Scott Trust, the owner of the Guardian Media Group, which includes the Observer and its sister paper the Guardian, said the sale to Tortoise …

UK's Guardian agrees sale of world's oldest Sunday paper
2 weeks, 4 days ago

UK's Guardian agrees sale of world's oldest Sunday paper

New Indian Express  

LONDON: The Guardian Media Group announced Friday it had agreed to sell the world's oldest Sunday newspaper, The Observer, to online news company Tortoise Media, brushing aside strikes by staff. "The boards of the Guardian Media Group and its owner, the Scott Trust, have in principle approved the sale of The Observer to Tortoise Media," a statement said. "I recognise …

Observer posts £3m profit ahead of potential sale to loss-making start-up
1 month ago

Observer posts £3m profit ahead of potential sale to loss-making start-up

The Telegraph  

The Observer made a profit of more than £3m last year, according to internal figures which raise questions over claims it must be offloaded to protect The Guardian. A report seen by The Telegraph shows that the Sunday title made a profit of £3.4m in the year to the end of March, outstripping forecasts by almost £300,000. It stands in …

Hugh Grant, Mary Beard and Damian Lewis attack ‘disastrous’ sale of The Observer
2 months, 3 weeks ago

Hugh Grant, Mary Beard and Damian Lewis attack ‘disastrous’ sale of The Observer

The Telegraph  

Hugh Grant, Mary Beard and Damian Lewis are among dozens of celebrities who have hit out at The Guardian over “disastrous” plans to sell the Observer to a loss-making start-up. More than 70 high-profile culture figures have signed an open letter branding the move a “betrayal” and urging bosses to reject the deal with Tortoise Media. In the letter, published …

The Guardian in talks to sell The Observer to former BBC News chief
3 months, 1 week ago

The Guardian in talks to sell The Observer to former BBC News chief

The Telegraph  

He added: “George Orwell described The Observer as ‘the enemy of nonsense’; we’re excited to show readers, old and new, that it still is.” Katharine Viner, The Guardian editor-in-chief, said: “This has the potential to be a very positive thing for both The Observer and The Guardian. My number one priority is a future in which both titles continue to …

UK's Tortoise Media in talks to buy The Observer
3 months, 1 week ago

UK's Tortoise Media in talks to buy The Observer

New Indian Express  

LONDON: The world's oldest Sunday newspaper, The Observer, could be sold, after its owner of more than 30 years and its potential buyer on Tuesday announced they were in talks. The Guardian Media Group, which reported rising losses last year, said it was in discussions to offload the weekly to "slow news" outlet Tortoise Media. Tortoise said it had approached …

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