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Omaha Steve

(103,776 posts)
Thu Dec 5, 2024, 07:18 AM Dec 5

Guardian Journalists Strike Over Planned Sale of Sister Publication

Source: NYT

Workers have begun a 48-hour walkout, the first in 50 years for the outlet, over a proposal to sell The Observer to Tortoise Media, a digital media start-up.

By Eshe Nelson

Reporting from London
Dec. 4, 2024

Journalists at the Guardian and the Observer newspapers in Britain began a 48-hour strike on Wednesday over plans to sell The Observer, the country’s oldest-running Sunday publication, to a digital media start-up.

Workers picketed outside their newsroom in London to protest the proposed sale to Tortoise Media, arguing it had been “rushed through” without the support of the staff.

It is the first strike in more than 50 years for Guardian News & Media, which publishes both papers. The Observer has run in print since 1791. The plans to sell it came to light in September and were a surprise to journalists, who are now calling for the company to pause sale negotiations and consider alternatives.

The deal is nearly done and could be announced soon, according to a person briefed on the talks who spoke on the condition of anonymity because the details were private. The Scott Trust, the owner of both publications, wanted to ensure that it would remain one of the largest shareholders with a say in The Observer’s editorial direction, an issue that was expected to be resolved shortly, the person said.


A deal to sell The Observer to a digital media start-up could be announced soon.Credit...PA Images, via Reuters Connect

Read more: http://archive.today/7B2CT



Original link: https://www.nytimes.com/2024/12/04/business/guardian-strike-observer.html
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Guardian Journalists Strike Over Planned Sale of Sister Publication (Original Post) Omaha Steve Dec 5 OP
How much money is in it? speak easy Dec 5 #1
? speak easy Dec 5 #2
How much money is in it? For whom? SharonAnn Dec 5 #3
How much money would the Scott Trust Limited gain speak easy Dec 5 #4

speak easy

(10,701 posts)
4. How much money would the Scott Trust Limited gain
Thu Dec 5, 2024, 11:56 AM
Dec 5

by selling off the Observer title, presumably to fund Guardian on Sunday. How much money would they make overall.

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