Guardian's Observer, oldest Sunday paper, sold to Tortoise Media
Financial Express Bengaluru|December 19, 2024
THE OWNER OF Britain's Guardian newspaper confirmed on Wednesday that it has sold The Observer, the world's oldest Sunday newspaper, to Tortoise Media for an undisclosed fee.
PAN PYLAS

The Scott Trust, which owns the Guardian Media Group (GMG), said in a statement that Tortoise Media is purchasing The Observer through a combination of cash and shares.

The Observer, which was founded in 1791 and became part of the GMG in 1993, is a bastion of liberal values in Britain's media landscape.

Tortoise has promised readers that it will honor the paper's historic values.

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