Guardian Media Group in Talks to Sell The Observer to Tortoise Media

The potential sale of the world's oldest Sunday newspaper includes a proposed £25m investment over five years.

The Observer, founded in 1791, is the world's oldest Sunday newspaper and was acquired by Guardian Media Group (GMG) in 1993.
Tortoise Media, a 'slow news' startup founded in 2019 by former BBC executive James Harding, is in exclusive negotiations to purchase The Observer.
The proposed deal includes a commitment from Tortoise Media to invest £25m in the editorial and commercial renewal of The Observer over the next five years.
GMG aims to focus on its strategic priorities of becoming more global, digital, and reader-funded, with The Guardian continuing as a seven-day digital operation.
The Observer's staff and readers have been assured that the newspaper's commitment to editorial independence and high-quality journalism will be maintained.