Observer Sold to Tortoise Media, Future Secured

The Scott Trust has approved the sale of the Observer to Tortoise Media, with plans for a £25 million investment to secure its future and enhance its digital presence. As part of the agreement, the Scott Trust will become a key shareholder in Tortoise Media and will maintain a role on both the editorial and commercial boards to ensure the Observer's editorial independence and commitment to liberal journalism. Despite assurances, concerns have been raised among Observer staff regarding job security and the implications of merging with a start-up. The deal aims to ensure the Observer continues as a stand-alone print product with a new paywalled website. Tortoise Media's leadership expressed optimism about extending the Observer's legacy through combined media offerings. The finalization of the deal is expected soon, following a period of internal unrest and staff strikes at the Guardian and Observer.