Guardian Media Group negotiates to sell The Observer to Tortoise Media, which plans a £25M investment.

The Guardian Media Group is negotiating to sell The Observer, the world's oldest Sunday newspaper, to Tortoise Media, founded in 2019 by James Harding. Tortoise plans to invest over £25 million in The Observer over five years, focusing on its editorial and digital growth while maintaining its journalistic integrity. The sale would mark a significant shift, as The Observer has been owned by GMG since 1993, amidst broader challenges in the newspaper industry.

September 17, 2024
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