The Observer Archives - Press Gazette https://pressgazette.co.uk/subject/the-observer/ The Future of Media Tue, 26 Nov 2024 10:36:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://pressgazette.co.uk/wp-content/uploads/sites/7/2022/09/cropped-Press-Gazette_favicon-32x32.jpg The Observer Archives - Press Gazette https://pressgazette.co.uk/subject/the-observer/ 32 32 Scott Trust says ‘talks continue to progress’ over Observer sale to Tortoise https://pressgazette.co.uk/publishers/nationals/scott-trust-meeting-tortoise-observer/ Tue, 26 Nov 2024 10:36:25 +0000 https://pressgazette.co.uk/?p=234315 A picture of the offices of The Guardian and Observer, illustrating a story about voluntary redundancy round opening at the publisher.

Guardian owner appears to be pressing on with plan to sell Observer to Tortoise Media.

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A picture of the offices of The Guardian and Observer, illustrating a story about voluntary redundancy round opening at the publisher.

The Guardian-owning Scott Trust appears to be pressing ahead with plans to sell The Observer to Tortoise Media.

The 12-person board of the Trust, which is a non-profit-making company, met on Monday 25 November to discuss a bid made by Tortoise Media to acquire The Observer.

Tortoise has funding of £20m to invest in turning the Observer into a standalone newspaper with a paywalled website.

Following yesterday’s all-day meeting of the Trust a spokesperson said: “Today the Scott Trust met to discuss the potential sale of the Observer and the proposed terms.

“Talks continue to progress and there are a few outstanding points. All parties will continue detailed discussions to ensure the proposed agreement is the best it can be for staff, readers and the future of liberal journalism.”

The Trust has said it may keep a stake in The Observer after its sale to Tortoise and the Financial Times has reported that it may also offer additional investment in the new Tortoise/Observer business.

The ongoing talks mean strike action in protest at the Observer-Tortoise deal is still set to go ahead with the first 48-hour strike from Guardian and Observer journalists set to take place on Wednesday 4 December.

The Scott Trust has been sent a series of questions about the Observer deal by a consortium of press freedom groups which has asked for written answers.

These include: “Why is the sale of The Observer being discussed only with one preferred bidder instead of through an open, transparent and fair process?”

And: “What is the Scott Trust’s responsibility if this [the Tortoise Media] plan fails?”

The 70 Observer journalists who would transfer across to Tortoise have concerns about job security and editorial independence.

Tortoise Media said yesterday: “We want to save The Observer, both for today’s readers and the generation to come. We have heard from a lot of Observer journalists who are excited about our ambition for the paper – and the people we bring with digital skills in podcasts, data journalism and newsletters, the investment that means new staff jobs, a much bigger editorial budget and a real plan for growth.

“We believe we can strengthen liberal journalism, adding to the range and reach of progressive voices; we can enable The Observer to reach new readers, as a Sunday newspaper with a digital life of its own; and we can renew the paper as a powerful voice in the world.”

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Observer sale to Tortoise: Press freedom groups seeks answers from Scott Trust https://pressgazette.co.uk/publishers/nationals/observer-sale-press-freedom/ Mon, 25 Nov 2024 11:32:29 +0000 https://pressgazette.co.uk/?p=234279 Montage: Tortoise founder James Harding, Observer front page, Guardian and Observer offices, Scott Trust chair Ole Jacob Sunde

Questions asked include: why is there only one bidder, and why can't staff speak out freely?

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Montage: Tortoise founder James Harding, Observer front page, Guardian and Observer offices, Scott Trust chair Ole Jacob Sunde

The chair of the Scott Trust has offered to meet a consortium of press freedom groups which has raised concerns over the sale of The Observer.

The board of the Trust, a limited company which owns Guardian Media Group, was expected to meet on Monday 25 November, to discuss proposals to sell The Observer to Tortoise Media.

With Guardian and Observer journalists set to hold a 48-hour strike on 4 December in protest at the deal, the Trust is under pressure to make a decision.

The Scott Trust has received a letter co-signed by the European Centre for Press and Media Freedom, the European Federation of Journalists, Index on Censorship, International Press Institute and OBC Transeuropa demanding answers to six key questions about the sale of The Observer.

Tortoise Media is believed to have funding of £20m to invest in turning The Observer into a stand-alone newspaper and paywalled website. According to the FT, The Scott Trust may also provide additional investment in the deal and the body has already said it plans to retain a stake in The Observer.

The letter sent by the press freedom groups to the Trust and Tortoise Media asks the following questions:

“The Observer is the leading liberal, progressive Sunday newspaper in the UK. Given the Scott Trust’s commitment to safeguarding freedom of the press and liberal journalism, what protections will be included in any deal to protect its editorial independence?

“What safeguards regarding future ownership will be written into the sale?”

The groups also asked a question about whether the Trust has properly vetted all the potential investors, including looking at foreign business links.

The letter says: “Individuals we spoke to described Tortoise’s business plan as ‘unconvincing’ and ‘seriously under-financed’. What is the Scott Trust’s responsibility if this plan fails? Are any safeguards being included in the deal?

“Why is the sale of The Observer being discussed only with one preferred bidder instead of through an open, transparent and fair process?

“Will you allow Observer and Guardian staff to speak out freely about the impact of the deal on press freedom and UK media plurality without fear of sanction or recrimination? At present, they report being unable to voice their opinions freely or have been warned against doing so.”

Scott Trust chair Ole Jacob Sunde has written back to the groups saying: “Thank you for your letter and the questions that you raise. We will happily respond to your points. Perhaps, in the first instance, we could arrange a call so I can better understand your concerns.

“As you will know, The Guardian has been a partner to your organisations on various vital journalistic endeavours – including the anti-SLAPPS coalition. We hope you know us to share values on many areas in the media landscape.

“We take our obligations to safeguarding the future of liberal journalism very seriously and would welcome you sharing more about where you believe there’s misalignment.”

Press Gazette understands the groups have asked for written answers and cannot offer a meeting until early December.

Observer journalist Carole Cadwalladr has been told by Guardian management that her public statements about the proposed Observer deal may be in breach of her contract and has been ask to “desist” from saying anything publicly which brings Guardian News and Media “into disrepute”.

Cadwalladr was the keynote speaker on Friday 23 November at a Malta conference on media freedom run by the Organisation for Security and Co-operation in Europe during which she denounced the sale of The Observer to Tortoise as an “existential threat to our journalism”.

A spokesperson for Tortoise Media said: “We want to save The Observer, both for today’s readers and the generation to come. We have heard from a lot of Observer journalists who are excited about our ambition for the paper – and the people we bring with digital skills in podcasts, data journalism and newsletters, the investment that means new staff jobs, a much bigger editorial budget and a real plan for growth.

“We believe we can strengthen liberal journalism, adding to the range and reach of progressive voices; we can enable The Observer to reach new readers, as a Sunday newspaper with a digital life of its own; and we can renew the paper as a powerful voice in the world.”

On the subject of the letter, Tortoise said: “We have not received a letter from these bodies, but we are happy to provide assurances on editorial independence. All of our investors are fully committed to the robust principles of editorial freedom that are enshrined in our articles of association and overseen by an independent editorial board chaired by former FT editor Richard Lambert.”

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Observer writer speaks out over ‘grave threat’ to title at press freedom conference https://pressgazette.co.uk/publishers/carole-cadwalladr-observer-tortoise-defies-warnings-management/ Fri, 22 Nov 2024 14:43:09 +0000 https://pressgazette.co.uk/?p=234254 Observer journalist Carole Cadwalladr, who has revealed she has been warned off criticising a proposed deal to sell her paper to Tortoise Media by management at Guardian News and Media

Observer writer Carole Cadwalladr has been told to "desist" by management after public statements about Tortoise deal.

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Observer journalist Carole Cadwalladr, who has revealed she has been warned off criticising a proposed deal to sell her paper to Tortoise Media by management at Guardian News and Media

Observer writer Carole Cadwalladr has denounced plans to sell the title to Tortoise Media at an international conference on press freedom – despite being told to “desist” by management after previous public statements about the deal

Cadwalladr is one of few serving Guardian or Observer journalists to have spoken out publicly about the proposal to transfer the title and its 70 staff to Tortoise Media despite widespread opposition. Some 93% of Guardian and Observer journalists voted in favour of strike action in protest at the deal this week.

The podcast publisher says it has £20m to invest in turning The Observer into a standalone newspaper with a paywalled website. But Cadwalladr and many other Guardian staff feel the deal puts the future of the title in jeopardy.

Cadwalladr, who is on a freelance contract with The Observer, was written to by management after appearing on the Media Confidential podcast hosted by former Guardian editor Alan Rusbridger earlier this month.

Press Gazette understands she has been accused of disparaging colleagues and the company and of making inaccurate statements. Cadwalladr said she denies disparaging anyone and said no detail has been given about alleged inaccuracies.

All Observer and Guardian journalists are required to adhere to the GNM editorial code which states: “It is important that outside interests do not come into conflict with journalists’ work for GNM in any way that could compromise, or appear to compromise, the editorial integrity and reputation of individual journalists or GNM”. Freelance contributors are required to sign a contract which states: “You shall not at any time do anything to bring GNM’s brands, trademarks or reputation into disrepute”.

Cadwalladr was told that it was third occasion she had breached company ruleswith recent public statements and been asked to “desist”.

But Cadwalladr told Press Gazette: “I’ve decided that my loyalty lies with the readers of The Observer.”

Cadwalladr was the keynote speaker today (Friday 22 November) at a Malta conference on media freedom run by the Organisation for Security and Co-operation in Europe.

New age of ‘politically motivated witch hunts’

She warned that the US “is entering a new age of politically motivated witch hunts that will look like McCarthyism on steroids” in her address.

And she spoke about her legal fight with political donor Arron Banks which left her with a £1.2m costs bill.

She said: “The biggest political donor in UK history didn’t sue the Guardian, instead, he came after me as an individual. He waited for me to repeat a line from a Guardian article in a talk, and he sued me for that.

“It was clever and deliberate and designed to silence and intimidate me. To isolate me from my news organisation. And to silence and intimidate all journalism into him. And it worked.

“And this, I have no doubt, is a playbook that will be deployed against other journalists.

“It wasn’t just that the lawsuit tied me up for years in litigation and led to years of stress and fear, it also became a central weapon in an online harassment and abuse campaign against me. Every court report led to a new wave of attacks. It was like being trapped in a washing machine, a spin cycle of abuse.”

‘Grave threat’ warning over Observer deal

And she went on to tell the conference that her own news organisation “is under grave threat”.

She said: “All of mine and my colleagues’ work is read by a global audience on the Guardian’s website. But in the UK, it also appears in the print edition of The Observer, The Guardian’s Sunday sister newspaper.

“And, as we speak, The Guardian’s board has approved the sale of The Observer – the oldest Sunday newspaper in the world – to a tiny, financially unprofitable podcast company.

“We, the journalists of both The Guardian and The Observer, believe that this is an existential threat to our journalism.

“We believe the company that is seeking to buy us has no track record of success, no business model and insufficient funds. We don’t understand why no alternatives have been considered. We believe that The Guardian is risking the trust of the readers by making such a reckless decision in haste. We believe it is the beginning of the end of our newspaper.

“Now, 93% of us have voted to go on strike.

“I’m telling you this because ownership matters. The British government has previously scrutinised the potential buyers of news organisations and I urge it do so in this case.

“Because the freedom of the press is precious and fragile and when a news organisation dies, it leaves a gaping hole. Politicians go unscrutinised, crimes go unreported, human rights abuses go undocumented.

“If press freedom means anything, it has to mean the ability to speak out to advocate for the survival of our own news organisation. Because if a newspaper is allowed to die, it’s never coming back.

“And at this point, we, the journalists of The Guardian and Observer, believe The Guardian’s management is an active threat to press freedom.

“I’m speaking on behalf of those journalists when I say that we believe its actions are imperilling the survival of a 240-year-old newspaper.”

The Scott Trust, which owns Guardian Media Group, is expected to make a decision in principle over selling The Observer on Monday,

A Guardian spokesperson said: “We recognise the strength of feeling about the proposed sale of the Observer. Our priority is to serve our readers, protect jobs and support our staff, so that the Guardian and the Observer can continue to promote liberal journalism and thrive in a challenging media environment.”

Concluding her speech, Cadwalladr said: “I’ve learned the hard way what happens when journalism comes under attack. I am lucky. I live in a country with strong institutions and rule of law. I faced a civil not a criminal suit. And it still felt like an existential struggle for survival. I’m only now two years on, recovering my psychological and physical health. And I’m ending by telling you this because there is a global witch hunt coming. And what happened to me must not be allowed to happen to other journalists.

“I am just one person. But what I worry is that news organisations will find reasons to not provide financial and other support to their journalists when they come under attack. They will be afraid of the consequences. They will find loopholes and excuses to not do the right thing.

“This is what happened to me. I faced my nightmare alone. But we cannot let that happen to other journalists. Because a threat to one journalist is a threat to all. A threat to one news organisation is a threat to all.

“There is a curtain of darkness that is falling across the world, a blanket of fake news and lies is smothering the truth and we know where that leads. We simply cannot afford to let this happen.”

A source close to The Guardian said: “Carole is a fantastic campaigning journalist and welcome to an opinion but many would respectfully disagree with her that this deal threatens the future of this business – what this about is enabling the Observer to thrive.”

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Jay Rayner leaves Observer as departing editor slams planned sale https://pressgazette.co.uk/the-wire/media-jobs-uk-news/jay-rayner-observer-financial-times/ Thu, 21 Nov 2024 20:16:56 +0000 https://pressgazette.co.uk/?p=234227

Rayner leaves The Observer after 25 years amid a battle over its future ownership.

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Jay Rayner, one of The Observer’s most prominent writers, is leaving the newsbrand as controversy surrounds its proposed sale to Tortoise Media.

The news was announced on the same day that Paul Webster, who was editor of The Observer until earlier this month, wrote a lengthy denunciation of the proposed sale, which he said was based on “two false premises”: that the newspaper’s operation poses a financial risk to The Guardian and that Tortoise Media could sustain the brand in print.

A Guardian and Observer staff strike over the proposed sale is set for early next month.

Rayner, who has reviewed restaurants for The Observer for 25 years, said last month that he had been shortlisted for columnist of the year in the BSME Awards “in the same month that The Guardian has told me they will terminate all our contracts if they can sell The Observer to Tortoise”.

Tortoise and Guardian News and Media have previously assured Observer staff that their jobs will be safe if the sale goes ahead.

A spokesperson for Tortoise told Press Gazette contract arrangements like Rayner’s would also be honoured in any deal.

Rayner was previously a vocal campaigner against an unsuccessful bid to merge The Observer into The Guardian in 2008.

A spokesperson for Guardian News and Media said: “Jay Rayner has entertained readers for many years with his writing and we wish him all the best with his new role.”

On Thursday, Webster, who edited The Observer for six years and was its deputy editor for 22 years, spoke out about the proposed Tortoise deal for the first time.

He wrote on Twitter: “Here’s why I think the proposed sale of the Observer to Tortoise would severely damage the reputation of the Scott Trust and threaten the future of the world’s oldest Sunday newspaper, which I edited until last weekend.

“This planned sale, if ratified by the Trust, would be a discreditable conclusion to a damaging episode in the company’s history.

“It is based on two false premises. One, that the Observer represents a serious threat to the security and future of the Guardian because of its financial position.

“This is preposterous. As editor for the past 6 years, I was provided with  revenue and expenditure data.

“They showed that despite the well-documented decline of print sales, The Observer has continued to make a net contribution of several millions of pounds to the company’s finances.

“Even once added expenses are included, as they have been in the company’s recent shameful attempt to bundle the paper out of the door as quickly as possible, and account is taken of shared resources we use, the losses are miniscule set against the company’s  £1.3bn cash pile.

“And they fail to take any account of mitigating strategies we might have discussed, but which the Trust entirely failed to consider during my tenure, or of the considerable contribution Observer journalism makes to the Guardian website’s breadth of coverage and income.

“The second false premise is that Tortoise Media, a small historically loss making start up, is able to sustain the Observer as a serious competitor on Sunday newstands.

“Based on the little information Observer journalists have been provided with it does not have the resources to shoulder the cost of sustaining a standalone Sunday paper with a comprehensive news, foreign, sports, business and cultural coverage able to compete with our rivals.

“Nor are its projections of subscription sales realistic, and uncertainty clouds the scale and future of its funding.

“The Scott Trust boasts a proud record of defending liberal journalism, as represented by both the Guardian AND the Observer. It appears as if it’s about to betray that record by essentially gifting the Observer to a small, historically loss-making start-up.

“If its losses are severe enough to warrant abandoning the Observer then it is doubtful that Tortoise has the means to sustain the title. If they are not, then the Trust, with a £1.3bn endowment, is a far better home for the Observer.

“The Guardian persistently boasts that it’s not owned by a proprietor. But – by excluding its own journalists from the process of the sale – it has behaved as if it is.

“As a senior journalist on the Guardian and Observer for 35  years, I believe the Scott Trust should reject this deal and embark on a proper review of the Observer’s future if it is to uphold its clearly enunciated role as a defender of liberal journalism at home and abroad.”

Financial Times to expand weekend food and drink coverage

The Financial Times poached Rayner amid an expansion of its weekend food and drink coverage.

The business paper has also hired former Sunday Times restaurant critic and current Noble Rot contributing editor Marina O’Loughlin for a monthly FT Magazine column about the global restaurant scene and food culture.

The FT’s current restaurant critic, Tim Hayward, moves to a new role as a food writer, “contributing deep-dives on home cooking projects and other culinary fixations”.

Rayner said: “I have been both an avid fan and devoted reader of the paper for many years and it’s an honour to become part of a team I have admired from afar for so long.

“I can’t wait to play my part alongside the huge talents that are Jancis Robinson, Tim Hayward and Marina O’Loughlin, in providing the most entertaining and authoritative food and drink coverage in the business.”

Hayward said: “Twelve years is a long time to be critical about restaurants. I’m looking forward to being able to write fully about the thing I love, enthusing about food, in breadth and depth.”

And O’Loughlin said that, “after leaving the Sunday Times, I’ve made a hobby of saying ‘no’ to offers.

“So it’s with enormous pleasure that I’m now saying ‘yes’ to my favourite of all the major newspapers, with the best food and drink section in the business.”

Janine Gibson, editor of FT Weekend, said: “The FT Magazine’s food and drink coverage under its brilliant editor Harriet Fitch Little has gone from strength to strength.

“We have ambitious and exciting plans for the next year and assembling this stellar lineup of the greatest authorities in their field is the first step.

“FT Weekend readers look to us for expertise and exceptional writing on every aspect of culture, and this food and drink team will be unparalleled in their ability to deliver on every front.”

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Guardian strike: Staff agree 48-hour walkout over Observer sale to Tortoise https://pressgazette.co.uk/publishers/nationals/guardian-observer-tortoise-strike-december-2024/ Wed, 20 Nov 2024 15:08:07 +0000 https://pressgazette.co.uk/?p=234192 A composite image showing, at top, the Companies House page for Tortoise Media Ltd and at bottom the lobby of Guardian News and Media, which publishes The Observer. The image illustrates an article looking at who Tortoise's shareholders are as it makes a bid for The Observer.

Journalists have opted for a 48-hour stoppage next month, with a second possibly to follow.

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A composite image showing, at top, the Companies House page for Tortoise Media Ltd and at bottom the lobby of Guardian News and Media, which publishes The Observer. The image illustrates an article looking at who Tortoise's shareholders are as it makes a bid for The Observer.

Guardian and Observer journalists have agreed to a 48-hour strike in protest at the planned sale of The Observer to Tortoise Media.

Meanwhile, Tortoise has come out punching and issued a statement insisting that it has a plan to save The Observer from irrelevance and closure under its current owners.

And Guardian Media Group management has issued an update to staff saying Observer journalists who don’t want to join Tortoise may be offered voluntary redundancy.

The strike will take place on Wednesday and Thursday 4 and 5 December – the earliest point at which it is legally allowed to happen. Press Gazette understands that a second 48-hour stoppage has been pencilled in for the following week.

Journalists have opted for 48 hours, rather than 24, to maximise disruption and the stoppage would be likely to disrupt print production.

The decision to stage the walkout came after a union meeting on Wednesday attended by several hundred staff. Press Gazette understands the vote was overwhelmingly in favour of a strike.

Press Gazette understands that around 500 journalists at The Guardian and Observer titles are members of the NUJ and around 400 took part in the official strike ballot which took place ahead of today’s meeting.

Some 93% of those voting agreed to strike action, suggesting overwhelming opposition amongst staff to the Tortoise Media bid for The Observer.

Staff remain concerned about job security for the 70 Observer journalists who would transfer across to Tortoise Media and questions remain over funding for the bid.

Tortoise Media majority shareholder and founder James Harding has promised £25m of investment in The Observer over five years to turn it into a self-funding, paywalled newsbrand. The plan is to attract 100,000 new digital subscribers.

However, Observer insiders have now been told that the planned investment in place is £20m.

According to a Tortoise Media spokesperson the situation with investment is as follows: £25m will be invested over five years (with more near the start), £20m is to come from new investment and a further £5m will be invested from profits which Tortoise expects to make in the latter part of the business plan.

Journalists question whether this will be enough to cover the gaps in Observer coverage of sport, business and foreign news that would be left by departing The Guardian, and they see loss-making Tortoise as a precarious owner.

NUJ representatives met Guardian Media Group management in ACAS-brokered talks on Thursday and were told that due diligence for the Tortoise Media bid has now been completed.

One Observer insider said the mood is “very dark” and there is an expectation that the deal looks likely to go ahead. Guardian editor-in-chief Kath Viner, who also sits on the Scott Trust board, is understood to have power of veto over the deal and one insider said journalists are hopeful she will block it.

The GMG board is now putting the offer to the Scott Trust board for a decision in principle at its next meeting next week. The Scott Trust is the not-for-profit company which owns GMG and has the ultimate say over whether to sell The Observer.

Press Gazette understands the deal will need 75% approval from the 12-person Scott Trust board in order to go ahead.

NUJ representatives on The Guardian and Observer believe that under their house agreement with management, the proposed deal should be suspended whilst the matter is in dispute. They have also questioned why there is apparent haste to push the deal through before Christmas under what is seen as a Tortoise-imposed timetable.

GMG is currently in a period of exclusive negotiations with Tortoise Media to buy The Observer, but Press Gazette understands at least one rival consortium has expressed an interest in buying the world’s oldest Sunday newspaper, which is believed to sell around 100,000 copies per week.

GMG chief executive Anna Bateson has hinted at cutbacks and changes to The Observer if the Tortoise deal does not go ahead, warning staff in a letter last month that if the deal does not proceed there would be “a strategic audit of The Observer which would involve some difficult choices – and that would need to happen urgently”.

Guardian management: Talks with NUJ continue

A spokesperson for Guardian News and Media said: “We recognise the strength of feeling about the proposed sale of the Observer and appreciate that NUJ members wish to make their views heard. While we respect the right to strike, we do not believe a strike is the best course of action in this case and our talks with the NUJ continue.

“Our priority is to serve our readers and support our staff, so that the Guardian and the Observer can continue to promote liberal journalism and thrive in a challenging media environment.”

Tortoise Media: ‘We want to save the Observer from closure’

Tortoise Media issued the following statement following the strike vote:

“We want to save The Observer. Everyone can see it is heading down a path to irrelevance and, probably sooner rather than later, closure. In the last 15 years, sales on a Sunday are down 70 per cent, the staff has shrunk by more than 60 per cent, the paper no longer has foreign, business or sports coverage of its own; home news is likely to be next; how long do you think The Guardian will keep two sets of critics reviewing the same plays, films, art and music? The Observer is a print-only brand in a digital age, its journalism lives, briefly and unloved, on The Guardian website.

“We have heard from a lot of Observer journalists who are excited about our ambition for the paper – the people with digital skills, the money for new staff jobs and a bigger editorial budget and the plan for growth that we bring. They also know the Guardian’s plan for ‘an urgent audit’ of The Observer if the deal doesn’t go ahead is code for folding it in or closing it down.

“We want to work with the unions, but we don’t think they’re right to defend things staying as they are. The path of managed, accelerating decline is not the answer. The majority of people who have voted in this ballot don’t work on the paper and this deal doesn’t directly affect them.

“We hope the NUJ will listen to the growing number of voices on The Observer looking to see it given a new lease of life, investment in journalism and a plan for the future.”

Following the Tortoise Media statement Press Gazette spoke to an Observer insider who said it was wrong to suggest the strike does not have strong support inside the Observer team. They said support for the strike was, if anything, stronger at the Observer than it was across Guardian/Observer chapel as a whole.

Guardian CEO Bateson says Observer staff may be offered voluntary redundancy

Guadian CEO Bateston has issued an update to all staff confiming that the Tortoise bid for the Observer will now go to the Scott Trust for final approval.

She said: “There was a GMG board meeting last week. They reviewed the current state of negotiations, the strategic position of the Observer and the due diligence that has been undertaken. The board gave its support to management to continue to pursue the proposal from Tortoise. The proposal will now be considered by the Scott Trust.

“In terms of the due diligence process, while we have completed much of this work, we continue to negotiate on some of the transitional services. I hope to be able to outline more on this in the next couple of weeks.

“We have been holding regular meetings with Observer staff and the NUJ for the past seven weeks to discuss the potential sale of the Observer. Yesterday, we continued our talks with the NUJ at ACAS. It was a further opportunity for both sides to exchange views, hear different perspectives and try to find common ground. That process is ongoing but we are able to update you on some of the areas we were able to make progress on.

“We have listened to requests from Observer staff and, at ACAS yesterday, we informed the NUJ that we are considering offering voluntary redundancy to Observer staff if the deal goes ahead. This would be on the same terms we offered to editorial colleagues in the summer. Suzy Black, HR Director, will be writing to the Observer team to explain this in a bit more detail.”

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Who are the UK’s national newspaper editors? https://pressgazette.co.uk/publishers/nationals/uk-national-newspaper-editors/ https://pressgazette.co.uk/publishers/nationals/uk-national-newspaper-editors/#respond Mon, 18 Nov 2024 16:47:43 +0000 https://pressgazette.co.uk/?p=188374 National newspaper editors clockwise from top left: Tony Gallagher of The Times, Katharine Viner of The Guardian, Ted Verity of the Daily Mail, and Victoria Newton of The Sun

An up-to-date page so you can keep track of all the UK's national newspaper editors.

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National newspaper editors clockwise from top left: Tony Gallagher of The Times, Katharine Viner of The Guardian, Ted Verity of the Daily Mail, and Victoria Newton of The Sun

Former Express online editorial director Tom Hunt is now editor-in-chief of the brand.

In recent months Gary Jones has left the Express after six years as editor-in-chief and subsequently Sunday Express editor David Wooding also departed.

Jones was the second editor-in-chief of a Reach national newspaper to leave their post this year after six years: Alison Phillips stepped down from the Mirror at the end of January and was succeeded by Caroline Waterston.

Also this year London free business newspaper City AM, which is expanding its remit nationally, has appointed its former editor Christian May to return to the role.

Press Gazette has put together a round-up of the UK’s national newspaper editors as they stand (in no particular order). We will keep this list updated.

UK national newspaper editors

The Times

Tony Gallagher was appointed editor of The Times on 28 September 2022 following the resignation of John Witherow the day before.

Gallagher was promoted from deputy editor, and had already been acting as caretaker editor for several months while Witherow was on medical leave.

Gallagher joined The Times in February 2020 from fellow News UK title The Sun where he was editor for five years. He has also previously edited The Daily Telegraph between 2009 and 2014.

Times editor Tony Gallagher: UK national newspaper editors
Times editor Tony Gallagher. Picture: News UK
The Sunday Times

Ben Taylor was named editor of The Sunday Times on 19 January 2023, stepping up from deputy editor after news Emma Tucker would be leaving to lead The Wall Street Journal from 1 February.

Taylor was previously executive editor of the Daily Mail, where he worked for 22 years, before joining The Sunday Times as deputy editor in 2020.

Sunday Times editor Ben Taylor
Ben Taylor. Picture: News UK
Daily Mail

Ted Verity has edited the Daily Mail since November 2021, having previously been at the helm of the Mail on Sunday since 2018 and deputy at the daily paper before that.

He is editor-in-chief of Mail Newspapers, meaning he has overall responsibility for the Mail brands in a seven-day operation.

Mail Newspapers editor-in-chief Ted Verity. Picture: DMGT
Mail Newspapers editor-in-chief Ted Verity. Picture: DMGT
Mail on Sunday

Following Verity’s promotion, David Dillon was appointed to be Mail on Sunday editor in December 2021. He was previously Verity’s deputy.

Dillon first joined the Mail on Sunday from the Daily Express in 2001, working as news editor for a number of years before being promoted to executive editor.

The Sun and The Sun on Sunday

Victoria Newton has been editor-in-chief of The Sun since February 2020. She had been editor at The Sun on Sunday since 2013 but took over from Gallagher when he left The Sun for The Times.

Newton has maintained responsibility for the Sunday title in her editor-in-chief role.

UK national newspaper editors: Sun Victoria Newton
Victoria Newton. Picture: News UK
Daily Mirror

Caroline Waterston, previously editor-in-chief of Reach magazines and supplements, has edited the Daily Mirror since the start of February 2024 – initially on an interim basis before she was made permanent on 30 April.

Waterston first joined Reach (then Trinity Mirror) in the mid-1990s and her roles have included deputy news editor and features editor of The People, features editor of the Sunday Mirror, head of features and deputy editor on the Sunday titles, deputy editor-in-chief across the Express and Star titles after their acquisition by Reach, and editor-in-chief of the national magazines including OK! magazine.

Waterston took over from Alison Phillips, who had edited the Daily Mirror since March 2018 and was editor-in-chief of that title plus the Sunday Mirror and Sunday People from February 2020 with the move to a seven-day operation.

Caroline Waterston, who will lead the Mirror as editor. Picture: Reach
Caroline Waterston, who will lead the Mirror as editor. Picture: Reach
The Daily Telegraph

Chris Evans has been editor of The Telegraph since January 2014 after the sacking of Tony Gallagher. He has been with The Telegraph since 2007, with previous roles including news editor and head of news, after joining from the Daily Mail where he spent 11 years.

The Sunday Telegraph

Although Evans has ultimate editorial responsibility at The Telegraph, Allister Heath has edited The Sunday Telegraph since 2017, having previously been Telegraph deputy editor.

Sunday Telegraph editor Allister Heath. Picture: Telegraph
Daily Express and Sunday Express

Tom Hunt, formerly Express online editorial director, was named editor-in-chief of the brand on 20 September.

At the Daily Express he succeeded Gary Jones who stepped down after six years in the role, which he used to detoxify the brand. Sunday Express editor David Wooding departed his own role about two months later as the Express becomes a seven-day operation without a dedicated Sunday Express team.

Before that Hunt had been with the Express for more than eight years, including as video news editor, leading its first team dedicated to video, and head of news.

Hunt said: “There is a huge opportunity here which I’m excited to take further, both digitally and in print, particularly as we cover Labour’s first months in office and see out a Conservative leadership contest.”

New Express editor-in-chief Tom Hunt. Picture: Reach
New Express editor-in-chief Tom Hunt. Picture: Reach
The Guardian

Katharine Viner has been editor-in-chief at The Guardian since 2015, when she was voted by staff to take over from Alan Rusbridger. She was previously editor-in-chief at The Guardian’s US edition.

Kath Viner
Kath Viner. Picture: Society of Editors
The Observer

Under Viner’s leadership, Paul Webster edits The Observer. Viner appointed him to the role in 2018, after 20 years as deputy at the Sunday paper.

Observer editor Paul Webster. Picture: Antonio Olmos/The Observer
i

Oly Duff has been editor-in-chief of the i since June 2013, when he became the UK’s youngest national newspaper editor aged 29 – a title he maintains today.

i journalist appointments
i editor Oly Duff
Financial Times

Roula Khalaf has edited The Financial Times since January 2020, when she succeeded Lionel Barber who spent 14 years as editor.

Khalaf had been Barber’s deputy since 2016 and her previous roles at the FT included foreign editor and Middle East editor. She first joined the business newspaper in 1995.

Daily Star

Jon Clark has been seven-day editor-in-chief at the Daily Star since March 2018 after the paper was bought by Reach (then Trinity Mirror). He was previously associate editor at the Daily Mirror from 2013.

Daily Star on Sunday

Under Clark’s leadership, Denis Mann edits the Daily Star on Sunday and is a deputy on the daily. He has similarly held the role since March 2018.

The Independent

Geordie Greig was appointed as editor-in-chief of the digital-only The Independent in January 2023, just over a year after being ousted from editing the Daily Mail. He has previously edited the Mail on Sunday, Evening Standard and Tatler.

He took over at The Independent from David Marley, who had been acting editor since October 2020 when Christian Broughton was promoted to managing director.

Geordie Greig|
Geordie Greig. Picture: Daily Mail

Free newspaper editors

Metro

Deborah Arthurs is editor-in-chief of Metro in print and online, having taken the lead on a new combined operation in March 2023.

She had been editor of Metro.co.uk from 2014 and a “gentle refresh” of the brand aligning print and online marked the beginning of her tenure as overall editor.

Arthurs has taken over from Ted Young, who had been editing the print newspaper for eight years.

Metro editor Deborah Arthurs
Deborah Arthurs, editor of Metro. Picture: Natasha Pszenicki
Evening Standard

Former GQ editor of 22 years Dylan Jones was appointed editor-in-chief of the Evening Standard following a brief period as editorial consultant.

Jones began in the role on Monday 5 June 2023, becoming the news outlet’s first permanent editor in more than 18 months.

Before him, Jack Lefley was acting editor from July 2022 and Charlotte Ross had previously been acting editor from October 2021.

The last full-time editors were Emily Sheffield, who left in October 2021 after 15 months, and former chancellor George Osborne, who was in post between May 2017 and July 2020.

Dylan Jones has been named editor of the Evening Standard. Picture: Reuters/Suzanne Plunkett
British GQ Editor Dylan Jones. Picture: Reuters/Suzanne Plunkett
City AM

Former City AM editor Christian May is returning to the free business title after almost four years away at the end of August 2024.

He succeeds Andy Silvester, May’s former deputy who took on the role himself, whose last day was Thursday 18 July.

May described his previous five-year stint as editor as “the happiest and most rewarding years of my life”, adding: “I couldn’t be more excited to rejoin the team at City AM as it gears up for an ambitious era of growth and innovation.”

Christian May, returning City AM editor
Christian May, returning City AM editor. Picture: City AM

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https://pressgazette.co.uk/publishers/nationals/uk-national-newspaper-editors/feed/ 0 Tony Gallagher Times editor Tony Gallagher. Picture: News UK ben taylor Ben Taylor. Picture: News UK TedVerityEditorofMailNewspapers1 Mail Newspapers editor-in-chief Ted Verity. Picture: DMGT Victoria Newton Editor Sun on Sunday Victoria Newton. Picture: News UK CarolineWaterstonheadshotJan20241 Caroline Waterston, who will lead the Mirror as editor. Picture: Reach chris_evans Sunday Telegraph editor Allister Heath Sunday Telegraph editor Allister Heath. Picture: Telegraph TomHuntheadshot2024 New Express editor-in-chief Tom Hunt. Picture: Reach Kath Viner|Katherine Viner Kath Viner. Picture: Society of Editors|Kath Viner paul webster Observer editor Paul Webster. Picture: Antonio Olmos/The Observer Winner HR 11122017 (16)|i 8 may i editor Oly Duff | Roula Khalaf #2 Geordie Greig MAIL|Daily_Mail_4_11_2021_400 Geordie Greig. Picture: Daily Mail Deborah Arthurs, Editor of Metro, or ofPhotography Natasha Pszenicki Deborah Arthurs, editor of Metro. Picture: Natasha Pszenicki British GQ Editor Jones and British Formula One Driver Hamilton sit in the front row before the presentation of the Alexander McQueen Spring/Summer 2015 collection during “London Collections: Men” in London British GQ Editor Dylan Jones. Picture: Reuters/Suzanne Plunkett thumbnail_RJW.070224.0371 Christian May, returning City AM editor. Picture: City AM
Guardian CEO warns staff Observer faces ‘difficult decisions’ if Tortoise deal fails https://pressgazette.co.uk/publishers/nationals/observer-sale-latest/ Thu, 31 Oct 2024 16:40:21 +0000 https://pressgazette.co.uk/?p=233545 Guardian News & Media chief executive Anna Bateson. Picture: Guardian News & Media

Anna Bateson says Observer is loss-making but has chance to be sustainable with Tortoise.

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Guardian News & Media chief executive Anna Bateson. Picture: Guardian News & Media

Observer staff have been warned that “difficult decisions” lie ahead if the Tortoise deal to buy the title does not go ahead, according to the latest sale update.

Guardian Media Group chief executive Anna Bateson said The Observer is loss-making when shared costs are taken into account and that it is forecast to become loss-making regardless within three years.

According to a financial statement for the year to August 2024, the Observer newspaper made annual revenue of £16.4m meaning it made a “contribution” to GMG of £3.4m, excluding shared costs.

In her email to staff, Bateson said GMG was already “beginning to think about the future of the title, given its financial situation and the fact it is a UK-only, Sunday print newspaper” before Tortoise Media made its bid for the title just over a month ago.

Tortoise Media has promised £25m of investment in The Observer over five years. No additional purchase price has yet been mentioned publicly.

Bateson described this as “a serious offer” which would “create a more sustainable business strategy for The Observer”.

Sale latest: The Observer would become main Tortoise Media brand

Talking about the detail of the Tortoise bid, she said: “Tortoise Media propose that they would continue to publish the Observer as a Sunday newspaper, with business, sport and international coverage and an emphasis on original journalism.

“The Observer would be the brand for the media organisation and all the existing sections – Observer Magazine, New Review and OFM [Observer Food Monthly] – would be retained. In addition, Tortoise would invest in creating a dedicated digital presence for the Observer, as well as newsletters, podcasts and events.”

Observer insiders question whether Tortoise has the funding in place to cover business, sport and international news – all of which currently come from Guardian journalists.

Bateson said a final decision on whether or not the deal will go ahead is expected before Christmas. Insiders question why there is such haste to get the deal done to what appears to be a Tortoise-imposed deadline.

The Scott Trust, which owns The Guardian, has been accused of betraying The Observer and its journalists by seeking to sell the title.

But Bateson said: “If the deal goes ahead, ensuring that there will be an ongoing alignment of values is extremely important. The Scott Trust believes that considering the offer is entirely consistent with its responsibilities to liberal journalism.

“The Observer would become the sole title and focus for Tortoise, thus enhancing liberal journalism and increasing plurality.”

Insiders maintain that statements from The Scott Trust had given the impression that The Observer was subject to the same protections as The Guardian. For example at the time of its purchase in 1993 then-Scott Trust chair Hugo Young said The Guardian’s “trust safeguards will be fully extended to The Observer”, although management believe this related only to the newspaper’s editorial independence.

Observer staff warned status quo will not return

Bateson warned that life would not go on as before for Observer staff if the Tortoise deal is abandoned.

She said: “If the deal does not go ahead, the status quo is not an option. Kath [Viner, The Guardian editor], in her email at the beginning of the summer, committed to a strategic audit of the Observer which would involve some difficult choices – and that would need to happen urgently.

“We want to be plain about this because we all have a responsibility to be honest about the growth prospects of a UK only, Sunday, print title when it is competing with investment in the future of the Guardian.”

One Observer insider said the title was no more print-only than the The Guardian given the fact all its content was published online and contributed to the digital side of the business.

On the Observer’s current financial position, Bateson said: “We have shared an Observer-only P&L (profit and loss statement) with staff. Although the Observer has performed well in terms of its market share, its circulation is, like all newspapers in print, in continual decline and the title is forecast to be loss-making within three years, if not sooner.

“If shared costs, such as technology, ad sales, marketing, rent, finance and HR as well as sport, international and business journalism, were allocated, the Observer would already be loss-making.

“This is why we talk about needing to make difficult decisions if the deal does not go ahead. In other words, the Observer is likely to have more freedom to be financially sustainable if it is separated from the Guardian.”

One insider said that the tone of this felt “quite bullying” because it was effectively telling Observer staff “things will be horrible if you stay”.

It is still unknown who exactly is financially backing the deal, but Bateson said: “An initial assessment of Tortoise Media’s existing investors found them fit and proper to proceed to this point.”

Tortoise editor in chief James Harding is the largest single shareholder in the business with a 32.5% stake.

Scott Trust would retain Observer stake

If the deal goes ahead, the Scott Trust will retain a small stake in The Observer which would be “a sign of confidence in the future success of the title”, Bateson said.

The Observer would be covered, she said, by Tortoise Media’s existing commitments to editorial independence.

The existing NUJ “house agreement” would transfer across with The Observer. This means staff would be protected from compulsory redundancies (but not from losing their jobs if the standalone business were to fail).

Journalists at The Guardian and Observer have backed possible strike action in protest against the sale in an indicative vote.

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The Observer has a half-life of six years: Tortoise deal is best option for brand and staff https://pressgazette.co.uk/comment-analysis/the-observer-has-a-half-life-of-six-years-tortoise-deal-is-best-option-for-brand-and-staff/ Thu, 31 Oct 2024 09:01:31 +0000 https://pressgazette.co.uk/?p=233526 A composite image showing Tortoise founder and editor James Harding at top left, the lobby for The Guardian and Observer offices in the top right and a brief opening excerpt at bottom from a new open letter from a group of cultural figures blasting Tortoise's bid to buy The Observer.

Media analyst and former executive Jim Chisholm says Guardian journalists are wrong to strike over Observer sale.

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A composite image showing Tortoise founder and editor James Harding at top left, the lobby for The Guardian and Observer offices in the top right and a brief opening excerpt at bottom from a new open letter from a group of cultural figures blasting Tortoise's bid to buy The Observer.

Back in June 1977, I was in the first stages of my career as a stats clerk in the circulation department of The Guardian. The then circulation director, Michael Jack, asked if I could organise the removal of the board room fridge to The Guardian’s small office on Fleet Street so that a selection of glitterati could witness a procession event to Westminster Abbey, to celebrate the Queen’s Silver Jubilee.

Having called a taxi, I lugged the fridge from the board room to the taxi and into the Fleet Street office. A simple task. Except that by the time I got back to the main office in Farringdon Road, all hell had broken loose. I was a member of the wrong union to carry out manual work, and as a result there was a threat to stop printing, until the fridge was brought back…. from then, I suffered the ignominy of returning the fridge to its original home and apologising to the union’s ‘Father of the Chapel.’

Such was the power of the unions. This, plus the enormous salaries print workers commanded, came close to breaking the news industry. The result was Rupert Murdoch’s union-busting move to Wapping in 1986 which ushered in a new era of printing technology (and newspaper profitability). Today the threats to our news industry are far more formidable.

So, when I read the headline “Guardian Media Group journalists back strike in indicative vote on Tortoise Observer bid” my immediate reaction was “WTF! What a great solution for everyone involved. More jobs saved.”

Because in this digital age – when print newspapers have a half-life of six years – The Observer, with a circulation of around 100,000, is a dispensable subset of The Guardian’s world-leading online strategy (attracting a monthly UK audience of 22 million). I doubt the printed Observer, without the shared resources of The Guardian, is a viable entity alone. Online, its brand is currently seen as superfluous by Guardian Media Group.

When I first read about the Tortoise bid, I thought it was an opportunity for all parties:

  • For Tortoise, it provides a wonderful brand from which to expand and promote its already commendable output
  • For The Guardian, it avoids the cost of future staff redundancies and may also provide a capital income (although the terms of the deal have not yet been disclosed).

For The Observer brand (232 years old and counting) Tortoise ownership could be the best option currently on the table:

  • Editor James Harding’s background couldn’t be better. He is a former editor of The Times and former head of BBC News
  • Tortoise co-founder Matthew Barzun’s credentials include being a fundraiser for Barack Obama, US Ambassador to the UK and former chief strategy officer of technology and media news website CNET, helping to grow it to a peak valuation of $1.8bn in 2008. His involvement signals Tortoise’s ambitions to expand into the US market, as The Guardian has achieved so successfully.

Between them, I would suggest that they have as good a chance as any other news media player of sustaining a successful future for The Observer.

The Guardian and Observer journalists work for a not-for-profit entity, that takes a sympathetic view regarding its portfolio and employees. It is possible to imagine that a more hard-headed owner might choose to close The Observer rather than sell it, creating a major potential future rival in the liberal media space.

As someone who happily volunteers my monthly Guardian subscription, I expect the recipient to make the most from my contribution.

The decision to divest The Observer – in such favourable terms, for the company and the staff involved – seems to me an obvious strategic move. Striking over this would be an abuse of The Guardian’s million-plus voluntary subscribers and a lost opportunity for the staff involved.

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Guardian Media Group journalists back strike in indicative vote on Tortoise Observer bid https://pressgazette.co.uk/publishers/nationals/guardian-observer-strike-indicative-ballot-tortoise/ Fri, 25 Oct 2024 16:34:45 +0000 https://pressgazette.co.uk/?p=233421 Observer front page, October 2024, illustrating news that Guardian and Observer journalists have overwhelmingly voted in favour of a strike in an indicative ballot.

The NUJ said "journalists are resolute in their opposition to the Observer sale".

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Observer front page, October 2024, illustrating news that Guardian and Observer journalists have overwhelmingly voted in favour of a strike in an indicative ballot.

Guardian and Observer journalists have voted in favour of possible strike action in protest at proposals to sell The Observer to Tortoise Media.

The combined NUJ chapel has already passed a no-confidence motion in the board of the Scott Trust in protest at the Observer sale plan.

According to the NUJ, an “overwhelming” 93% of the group’s journalists, on a turnout of 70%, indicated their willingness to take strike action and 96% voted in favour of action short of a strike.

The union says it has now informed GMG of its intention to formally ballot members for industrial action.

The union said: “The resounding decision is in opposition to the proposed sale of The Observer and follows confirmation by the Guardian Media Group last month that it is engaged in exclusive talks with Tortoise Media.”

At a meeting of the NUJ Guardian & Observer chapel on 24 October, representatives agreed a formal postal ballot process should now proceed, with journalists urged to vote yes to participating in industrial action.

According to the NUJ: “Journalists are agreed that they have no choice but to consider industrial action to protect the much-loved title and its role providing valued journalism within the media landscape.

“No engagement with journalists or the NUJ was sought prior to negotiations by GMG and the union has voiced its deep-rooted concerns over the viability of the title and journalists’ jobs if it is sold to James Harding’s startup. The company, not yet profitable, has pledged £20m capital investment with plans to implement a paywall if the bid is accepted.”

NUJ general secretary Michelle Stanistreet said: “Journalists are resolute in their opposition to the Observer sale for reasons understood by its readers, many of whom have indicated their support for members.

“The hurried decision to pursue talks without prior engagement with the very journalists who ensure the title’s success is shocking and ill-judged, but reps are committed to resolving the dispute and stress there is still time to avoid industrial action. There must now be an end to transfer talks and a willingness by the Scott Trust to demonstrate its commitment to the Observer.”

A spokesperson for Guardian News and Media said: “Guardian Media Group announced last month that it was entering into exclusive negotiations about the offer from Tortoise Media to buy the Observer. We were transparent about the offer so we could openly engage with Observer staff and we will continue to do so. The offer proposes an investment in the future of the Observer, including building a digital presence for the Sunday newspaper, and those negotiations are ongoing.”

Earlier this week former Observer editor Roger Alton gave his blessing to the Tortoise Media bid.

He said: “Clearly the Scott Trust, owners of the Guardian, wants to wash its hands of the Obs, which it has always seemed to view as an unwanted and charismatic neighbour arriving at a sedate family dinner. In my view, Tortoise would clearly be an ideal new owner. It too has a proud record in major campaigns, its journalism is widely admired, its podcasts pioneering too.”

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Tortoise is ‘ideal owner’ for Observer says former editor Roger Alton https://pressgazette.co.uk/news/tortoise-ideal-owner-for-observer-former-editor-roger-alton/ Mon, 21 Oct 2024 16:56:34 +0000 https://pressgazette.co.uk/?p=233280

The Scott Trust clearly wants to "wash its hands" of the Observer, writes Roger Alton.

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Former Observer editor Roger Alton has given his backing to Tortoise Media‘s bid to buy his old title.

Alton was one of three former Observer editors to accuse Guardian Media Group owner the Scott Trust of abrogating its responsibilities to the title by putting it up for sale.

But writing to Press Gazette, Alton has made clear that he supports Tortoise Media’s bid. Meanwhile, the NUJ is currently balloting Guardian and Observer staff over potential strike action in protest against the deal.

The 70 Observer journalists who would transfer across to Tortoise have concerns about job security working for a stand-alone title.

Roger Alton: Tortoise would offer Observer ‘a massive new shot in the arm’

Alton writes: “I had the great privilege of editing the paper for nearly a decade from 1998 (though I had also spent a fantastic few months working there as a teenager in the 1960s, which convinced me that this was the life everybody should want, and that newspapers were the lifeblood of a healthy society).

“So I feel great loyalty and affection for the paper, which is after all the oldest Sunday paper in the world (b 1791) and has not just been responsible for some of the bravest and best campaigns of recent years, but is also a source of great fun and entertainment and some of the best writing around.

“This is why I am so cheered by the arrival of Tortoise media. Clearly the Scott Trust, owners of the Guardian, wants to wash its hands of the Obs, which it has always seemed to view as an unwanted and charismatic neighbour arriving at a sedate family dinner.

“In my view, Tortoise would clearly be an ideal new owner. It too has a proud record in major campaigns, its journalism is widely admired, its podcasts pioneering too. And it has on its staff some of the best journalists in the country. It is also utterly committed to preserving the newspaper as a print product, as well as developing a substantial digital presence.

“My belief is that Tortoise would not just be an ideal custodian of the traditions and qualities of the Observer, but would also, as a highly-skilled multi-media organisation, offer a massive new shot in the arm.”

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