London | The owner of Britain’s The Guardian newspaper has pressed on with a £25 million ($49 million) deal to sell off the group’s Sunday title, The Observer, defying a 48-hour walkout by journalists.
The board of the Scott Trust, the £1.3 billion fund that owns the two titles, gave its in-principle backing late on Thursday (Friday AEDT) to sell the 233-year-old the Observer – the world’s oldest Sunday paper – to online news start-up Tortoise Media.
Loading...
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
