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.
Overview
- 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.