Guardian Faces Staff Backlash Over Observer Sale to Tortoise Media
The proposed sale of The Observer has sparked controversy among staff, with concerns over its financial future and media independence.
- Guardian Media Group plans to sell The Observer to Tortoise Media, a startup led by James Harding, despite staff opposition.
- The National Union of Journalists has labeled the sale a 'betrayal,' and is considering strike action over the proposed deal.
- Guardian CEO Anna Bateson has assured that the Scott Trust will retain a small stake in The Observer to signal confidence in its future.
- Tortoise Media has pledged a £25m investment over five years, but staff question its financial viability and the separation from The Guardian.
- A decision on the sale is expected by Christmas, with Guardian management warning of 'difficult decisions' if the deal does not proceed.