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mannycalavera@feddit.uk to United Kingdom@feddit.ukEnglish · 6 months ago

Guardian signs controversial deal to sell The Observer to Tortoise Media

news.sky.com

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Guardian signs controversial deal to sell The Observer to Tortoise Media

news.sky.com

mannycalavera@feddit.uk to United Kingdom@feddit.ukEnglish · 6 months ago
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The Scott Trust, which owns The Guardian, will become one of the largest shareholders in the six-year-old start-up, a deal first-reported by Sky News.
  • mannycalavera@feddit.ukOP
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    6 months ago

    I take it you’re not from the UK?

    • Jaderick@lemmy.world
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      6 months ago

      I lived in the UK for a year, but no longer.

      • Echo Dot@feddit.uk
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        6 months ago

        Apart from anything else nobody wants British institutions sold to American multinationals, only bad things can possibly come of that.

    • frazorth@feddit.uk
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      6 months ago

      These things can be confusing to understand and seems like a reasonable question, I don’t pretend to fully understand everyone’s complaints.

      https://en.m.wikipedia.org/wiki/Tortoise_Media

      Doing basic research shows it as “a British news website”, founded by a British journalist (who Murdoch didn’t like so already sounds like a nice guy) and former head of the BBC, and an American who spent 4 years here as Ambassador under Obama.

      Not exactly sounding like Bezos or Murdoch levels of evil here.

      The main issue is that its all been dealt with in secret, consultations with Observer employees such as the editor haven’t taken place so its just leaving a sour taste, along with a lot of questions as to how they reached contradictory positions on why they should sell the paper.

      https://www.theguardian.com/media/2024/dec/09/key-questions-about-the-sale-of-the-observer-that-remain-unanswered

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