Scott Trust Faces Backlash Over Observer Sale to Tortoise Media
Guardian and Observer journalists criticize the secretive sale process, raising concerns about transparency and the future of liberal journalism.
- The Scott Trust has approved the sale of The Observer to Tortoise Media, a loss-making startup, sparking criticism from over 100 journalists.
- Staff allege they were excluded from discussions, with no prior consultation or involvement in due diligence before the decision was made.
- The sale includes a £5m investment in Tortoise Media by the Scott Trust, raising questions about why similar investment was denied to The Observer.
- Concerns have been raised about the lack of exploration of alternative buyers, with at least two other interested parties reportedly ignored.
- The National Union of Journalists plans further strikes, and some members are considering a vote of no confidence in Guardian editor-in-chief Katharine Viner.