Sale of UK’s Observer, world’s oldest Sunday newspaper and a bastion of liberal values, is agreed

Associated Press

LONDON (AP) — The sale of the Observer, the world’s oldest Sunday newspaper and a bastion of liberal values in Britain’s media landscape, has been approved, despite two days of strike action from journalists this week. The Scott Trust, the owner of the Guardian Media Group, which includes the Observer and its sister paper the Guardian, said the sale to Tortoise Media is expected to be signed in the coming days. The Scott Trust said it will invest in Tortoise Media, becoming a key shareholder, and take a seat on both its editorial and commercial boards. Members of the National Union of Journalists from both papers are due to meet later Friday to consider the next steps.