Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Business

Posted By Uma Rajagopal

Posted on December 6, 2024

Britain’s Guardian group agrees to sell Observer newspaper to Tortoise Media

LONDON (Reuters) -Britain’s Guardian Media Group (GMG) and its owner the Scott Trust have agreed to sell The Observer, the world’s oldest Sunday newspaper, to startup Tortoise Media, the two groups said on Friday.

The Scott Trust will also take a minority stake in Tortoise as part of the deal and a representative will join both the Tortoise company board and the editorial board, Tortoise said.

Tortoise has raised 25 million pounds in funding to invest in “the renewal of The Observer”, it said.

Tortoise was founded in 2019 by James Harding, a former executive at the Times newspaper and BBC News.

(Reporting by Muvija M, writing by Sachin Ravikumar, editing by William James and Kate Holton)

Recommended for you

  • Alaamry Global Capital’s Annual Letter: Saudi Investor Khalid Alaamry on Strategic Thinking for International Markets.

  • Enhancing Guest Loyalty in Hospitality: The Impact of Personalized Services on Customer Satisfaction

  • Building Brand Equity in Luxury Goods: The Role of Heritage and Craftsmanship