LONDON (AP) — The owner of Britain’s Guardian newspaper has confirmed that it has sold the Observer, the world’s oldest Sunday newspaper to Tortoise Media for an undisclosed fee. In a statement Wednesday, the Scott Trust, which owns the Guardian Media Group, said 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 Guardian Media Group in 1993, is a bastion of liberal values in Britain’s media landscape.
Guardian newspaper confirms sale of Sunday sister paper The Observer to Tortoise Media News Channel 3-12.
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