The Observer's sale to Tortoise Media aims to enhance digital presence and attract a younger audience while preserving its commitment to liberal journalism and editorial independence.
The decision to sell was influenced by the need for sustainable funding and a fresh approach to overcome the challenges facing the media environment, ensuring long-term success.
The Scott Trust remains a part-owner and major shareholder in Tortoise, ensuring that the Observer retains its core values while gaining new resources for journalistic ventures.
Under Tortoise Media, the Observer will have the autonomy to develop its unique identity, with governance structures that prioritize the tenets of press freedom and liberal values.
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