Tortoise founder James Harding has spoken out in support of his bid to buy The Observer amid a staff backlash over the deal.
On Wednesday, around 250 Guardian and Observer journalists attended an emergency National Union of Journalists meeting to discuss news broken to them on Tuesday that a deal was on the table for Tortoise to buy The Observer from The Scott Trust.
They unanimously passed two motions. The first said they were “united in opposition to the sale of The Observer newspaper to Tortoise Media” and that it was a “betrayal of the Scott Trust’s commitment to the Observer as part of the Guardian News and Media Family”.
Whilst acknowledging the promise of £25m investment over five years and assurances that the 70 Observer staff affected will keep their jobs, the motion notes: “The proposed sale does not, and cannot, offer the same security to the Observer and its staff as they seek to maintain their reputation for journalistic excellence, independence, courage and integrity.”
The motion also notes that there will be “no security” in a “relatively small business with scant resources to withstand headwinds”. (Guardian Media Group is protected by a £1.3bn endowment fund).
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A motion of no confidence in The Scott Trust was also passed unanimously, saying the proposed sale has wider ramifications “for the future of liberal journalism and the trust’s ability to protect the Guardian, the Observer and liberal journalism in perpetuity”.
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James Harding responds to NUJ statement on Observer bid
James Harding responded to the NUJ statement, telling Press Gazette: “We are pleased that the NUJ recognises the £25m investment in The Observer and they recognise we are securing the jobs of the people at The Observer. We don’t think this is going to reduce the resources going into liberal journalism, evidence-based reporting and informed opinion. It is going to increase them.
“This puts new money into The Observer for the first time in a long time and, it seems to us, also makes possible more investment in The Guardian.”
Press Gazette understands that the £5m a year investment over five years is intended to be spent on editorial, marketing and a new digital platform and is separate from any general running costs for the title.
The question of whether there will be any further purchase price for the Observer (in addition to the promised investment) remains unanswered and is presumably the subject of confidential negotiation.
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Tortoise Media is currently in a 90-day period of exclusive negotiations with Guardian Media Group. Although staff have been told the deal is not a “fait accompli”, The Scott Trust (which owns The Guardian) made an oblique reference to The Observer deal on Tuesday as it announced revenue down for the year to the end of March and cash outflow from the business of £36.5m.
Scott Trust chair Ole Jacob Sunde said: “The Scott Trust has provided a bridge through challenging economic periods. But it is not there to fill gaps in annual operating budgets.
“We still require The Guardian to be a sustainable business on its own terms – and we must be honest about areas of the business that are not part of our future growth and adapt.”
It is widely assumed that The Observer loses money and that this a key motivator for the deal.
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However, Press Gazette understands The Observer newspaper made a contribution of £3.4m to the business for the year to August 2024 if you subtract directly-attributable revenue of £16.4m from directly-attributable costs of £13m.
Revenue directly attributable to The Observer for the year included £13.9m from newspaper sales and £2.6m from print advertising.
Costs directly attributable to The Observer included staff and contributor costs of £7.3m and newspaper cost of sales totalling £5.6m.
But it should be noted that these figures do not include any shared Guardian resources which include: editorial, marketing, technology and office. These figures also don’t include any digital revenue driven by Observer journalism.
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Staff reacted with fury to news
Guardian staff were briefed on Tuesday morning about the proposed Tortoise deal and one insider said they were left furious about the lack of detail they were given.
Some Observer staff were also upset at the suggestion that they were not part of The Guardian and never had been. The Scott’s Trust’s remit is to protect the journalism of The Guardian “in perpetuity”.
All Observer journalism is uploaded to the Guardian website and staff are employees of Guardian News and Media.
Key questions raised by staff include: who is funding the deal and how will the new Observer fill sections which are currently provided out of shared Guardian resources (such as business, sport and international)? Observer journalists also fear they will lose protections currently enjoyed under the NUJ house agreement with Guardian Media Group, which include a ban on compulsory redundancies. They fear that if the standalone Observer fails, they will be out of jobs.
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Meanwhile, Guardian journalists have concerns that they will now be required to fill the gaps in weekend coverage caused by the loss of Observer journalism.
Some Observer journalists are annoyed that the news was broken directly after the closure of a voluntary redundancy scheme, during which around 30 Guardian and Observer journalists left on enhanced terms. Requests to re-open the redundancy scheme are understood to have been rebuffed.
How will a standalone Observer work?
Press Gazette understands that the model Harding plans to follow for The Observer is similar to that of The Atlantic, a monthly US current affairs magazine which was bought by billionaire Laurene Powell Jobs in 2017. That title went from losing $20m a year in 2020 to profitability. It currently has more than one million subscribers equally split between print and digital.
The hope is that The Observer can be transformed from a declining print business into a growing print/digital one funded by a paywalled website.
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The Observer does not publish an ABC circulation figure, but Press Gazette understands it had average weekly sales of 109,000 as of March (the end of the financial year).
Funding for The Observer deal is being backed by existing Tortoise shareholders – who include David Thomson, Lansdowne Partners and Local Globe – and other as-yet unnamed investors. Thomson is the chairman of Thomson Reuters with an estimated personal wealth of more than $70bn.
Press Gazette understands that, as with Tortoise, no single investor would have overall control of The Observer if the deal goes through.
Guardian Media Group chief executive Anna Bateson said on Tuesday: “This is an exciting strategic opportunity for the Guardian Media Group. It provides a chance to build the Observer’s future position with a significant investment and allow the Guardian to focus on its growth strategy to be more global, more digital and more reader-funded.”
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Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our “Letters Page” blog
I FEEL about six years old, hands and knees covered in thick mud, as I emerge from a tunnel only big enough to crawl through, first used by Christian settlers more than 1,200 years ago to escape Viking raids.
I’m at Knowth, the world’s largest passage tomb, just 20 minutes north of Dublin in Ireland’s Boyne Valley.
The ancient sites of Newgrange, Knowth and Howth were built 5,000 years ago for the burial of around half a dozen “god-like” people.
Our tour guide explains that the monuments, older than the Egyptian pyramids and Stonehenge, were built like giant lasagnes, with huge stones piled one on top of the other.
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Known as the birthplace of Ireland’s ancient east, the Boyne Valley is ideal for exploring Ireland’s history and tradition — without travelling too far from Dublin Airport.
After my ancient sites tour, I headed to Causey Farm in Fordstown, which offers groups of tourists the chance to “be Irish for the day” for as little as £12pp.
Arriving to the homely smell of a wood-burning stove, I’m shown how to make Irish soda bread, before moving on to a lesson on the traditional Irish drum, known as a bodhrán (pronounced bow-ran).
Next comes a tour of the animals — I get to meet a fluffy, ten-week-old border collie that melts my heart, as well as a slightly less charming (actually terrifying) pig, some alpacas and rabbits.
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The visit finishes with farmer Matt Murtagh demonstrating how his sheepdog Crick effortlessly corrals a herd of sheep wherever he demands, at one point playfully running the herd inches from me.
The Boyne Valley is also ripe with history — it’s the setting for the 1995 Mel Gibson film Braveheart and where the Battle of the Boyne was fought between deposed King James II and the newly crowned King William III in 1690.
At Trim Castle, a guided tour starts at just £2.50 and it is free to explore the grounds.
We get to climb right to the roof, stopping to see key rooms along the way, with walls covered in 18th century graffiti — a John Gibney marked his name in 1760.
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We’re then shown the chapel where the priests’ ornate wash basin can still be seen, and there’s even a medieval toilet (read hole in the floor) — lucky us!
If history isn’t your thing, Park Beo, an adventure base in Wilkinstown, offers a “gateway” to the Lakelands Greenway — a cycle path stretching 18 miles along an old railway line from Navan to Kingscourt — as well as shops selling everything from cheese toasties to cherry bakewells produced by a local.
With a huge car park, it acts as space to service visitors who want to head out for a walk with a fresh takeaway coffee.
There’s also a bi- cycle hire office with bikes and e-bikes to rent from £8.30 an hour.
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If you prefer a seafront amble, this region boasts miles of impressive coastline.
The village of Annagassan, a former Viking settlement, has breathtaking coastal views, with a dramatic tide perfect for razor clams.
Seafood banquet
You can sample them fresh at local joint, The Glyde Inn, a charming 18th-century pub with roaring fires and an award-winning restaurant with panoramic sea views.
For something extra special, the family-run Irish National Pub of the Year award winner offers a dinner-and-show style “Viking VR Experience” for £50pp.
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Each ticket gets you a pint of Irish Pale Ale, brewed down the road, as well as a ten-minute VR show of what the area would have looked like at the time of the Vikings in 841 AD, when Bjorn the Great was in charge of the settlement there.
Then comes the main event, a seafood banquet of whatever has been caught that day.
I was served Carlingford oysters and crab and butter-coated razor clams to start, followed by a main course of black sole with wilted sea beech foraged just outside the restaurant’s patio doors, served alongside a creamy sea radish mash.
Try to book for late afternoon, as from 5.30pm to 6.30pm each day a live band plays traditional music.
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It’s the perfect ending to any Irish adventure.
GO: BOYNE VALLEY
GETTING THERE: Aer Lingus offers nine daily flights from Heathrow to Dublin at £59.99 each way.
WHEN I think of family holidays as a child, my mind instantly wanders to Potters Resorts in Hopton-on-Sea.
The happy memories include sports games on the green fields and my best X Factor-style audition in the children’s talent competition.
So, when I heard about Potters recently-opened Five Lakes, at Maldon, Essex, which is exclusively for adults, I couldn’t wait to book in.
How would the “all grown-ups” version compare to my cheery childhood holidays?
The 320-acre resort is home to five lakes and an 18-hole golf course – and it offers just as much entertainment for the adults.
I was always too busy having fun to pay much attention to the bedrooms as a kid.
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But my premier plus room at Five Lakes, which included two very comfortable single beds with plenty of pillows, did not disappoint.
‘Blissful serenity’
Despite having opened more than two years ago, everything felt exceptionally clean, with ample space for mum and me on our girly weekend away.
After dumping our bags, our first port of call was the bar, to plot an itinerary from the never-ending list of on-site activities (and to sample the cocktails).
What do you need to do to ensure your passport is OK for travel?
Over the next few days, we’d be practising our aim in archery lessons, unleashing our inner child at rally karting and even having a go at indoor shooting (I won myself a medal!).
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Each activity is around a 10-15 minute walk from the main resort, but there are golf buggy “taxis” at reception if you don’t fancy the stroll.
There are more zen-like activities, too, for the less adventurous, such as yoga, pottery painting and bracelet making, all run by patient, professional and fun instructors.
The only downside is that there is no online booking system so be prepared to queue sometimes.
Generous buffets where you can help yourself are laid out for each meal, including, pastries, cereal and a fry up in the morning; sandwiches and salads plus buffet-style hot food for lunch; and everything from curry to roast dinners in the evening.
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The special thing about Potters is that you’re served by the same waitress or waiter throughout your long weekend, so if you flag any special requirements, they will be remembered for each meal.
After dinner every night, crowds spill into the Glade Theatre for interactive games and West End-quality performances with dancers from all over the world.
The level of talent in that room was not something you’d expect to see in a resort in the middle of Essex.
The fun did not stop there, either. After each show, the resort puts on a silent disco, blasting everything from today’s top hits to old school classics through headphones.
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Luckily, the bar stays open until late, so the drinks can keep on flowing – and the best part is the midnight buffet, providing late-night snacks for the hardcore dancers.
With a slightly sore head the following morning, I decided to treat myself to a back and scalp massage – one of the best I have ever had and worth every penny (£53 for 40 minutes).
The gentle pummelling seemed to ease all the tension in my entire body, so by the time I rejoined my mum in the main spa (she was taking advantage of the sauna, steam room and hot tub), I was in a state of blissful serenity.
Is it possible that a Potters Resorts getaway is even better as an adult? It might just be.
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GO: POTTERS ‘FIVE LAKES’ RESORT, ESSEX
STAYING THERE: A four-night midweek break at Potters Resorts Five Lakes costs from £579pp, based on two people sharing, and including full-board dining, activities and entertainment.
Your guide to what the 2024 US election means for Washington and the world
Donald Trump has ruled out naming Mike Pompeo, the former secretary of state, to his second administration, as he moves to build out his cabinet after winning the US presidential election against Kamala Harris this week.
Trump announced that he would not be including Pompeo in the government in a post on Truth Social on Saturday. He also said that Nikki Haley, the former US ambassador to the UN who challenged him for the White House, would not be joining.
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Both Pompeo and Haley have been critical of Trump before backing him for president in the general election, and his announcement highlights how he is planning to staff his administration with loyalists who have not crossed him recently.
“I will not be inviting former Ambassador Nikki Haley, or former Secretary of State Mike Pompeo, to join the Trump Administration, which is currently in formation,” Trump said in the post.
“I very much enjoyed and appreciated working with them previously, and would like to thank them for their service to our Country.”
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Pompeo was seen as a top contender for defence secretary in Trump’s second administration, having already served as CIA director as well as secretary of state in his first.
Trump’s statement striking him from contention means Mike Waltz, the Florida congressman, is the most likely candidate to run the Pentagon. Tom Cotton, the Arkansas senator and another top contender for defence secretary, has already ruled himself out.
Pompeo has been a staunch advocate for US aid to Ukraine as it battles the Russian invasion, putting him at odds with Trump and his allies who have been sceptical of helping Kyiv.
He has criticised Trump in the past for his profligate spending policies and his mishandling of classified documents. Pompeo warned that Republicans needed to be beware of “those with fragile egos who refuse to acknowledge reality” — which was widely viewed as a swipe at Trump.
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But this year Pompeo said he would be open to serving in the administration if asked.
Haley was much less likely to join Trump for his second term after heavily attacking in during the Republican primary, and criticising his campaign in the final weeks of the race.
Trump’s post about Haley and Pompeo comes after he made his first big appointment on Friday, choosing Susie Wiles, his top political adviser and strategist, to be White House chief of staff.
THE German discounter is opening 11 new stores as part of a £800 million expansion investment.
Now even more communities can enjoy the “unbeatable prices” Aldi has to offer, all in time for the festive season.
Starting this week, stores in Sedgley in the West Midlands and Castle Douglas in Scotland are set to open.
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While Horsham in West Sussex and Muswell Hill in London are preparing to welcome new Aldi stores later in the month.
And the expansions don’t stop there.
In December, stores in Totton in Hampshire, Cribbs Causeway in Bristol and Pwllheli in Gwynedd are scheduled to open.
Not only will 11 Aldi stores open before Christmas, 15 stores will undergo refurbishments before the big day too.
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This is all part of Aldi’s long term plan to increase its UK footprint.
The supermarket is set to invest £800 million into expansions and open 1,500 stores across the UK.
Jonathan Neale, Real Estate Managing Director at Aldi UK, said: “At Aldi, we’re committed to making high-quality, affordable food accessible to everyone.
“Our new store openings are a testament to our ongoing investment in the UK, and we’re thrilled to bring Aldi’s unbeatable prices to even more communities ahead of the festive season.”
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Aldi also revealed that its Store Assistants receive a starting pay of £12.40 per hour.
Aldi teases ‘super cute’ Christmas ad – but shoppers have been left asking ‘where’s Kevin the Carrot-’
With those based in London earning £13.65 per hour.
Plus, Aldi remains the only supermarket to offer paid breaks, that’s worth over £900 for the average store worker.
Full list of Aldi stores opening before Christmas 2024
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Bilston Street, Sedgley, West Midlands – November 2024
Oakwell Road, Castle Douglas, Dumfries and Galloway – November 2024
Tanbridge Retail Park, Horsham, West Sussex – November 2024
Straiton Road, Loanhead, Midlothian – November 2024
Muswell Hill, Haringey, Greater London – November 2024
Caernavon Road, Pwllheli, Gwynedd – November 2024
Salisbury Road, Totton, Hampshire – December 2024
Cribbs Causeway, Bristol – December 2024
Colliery Lane, Hetton-le-Hole, Tyne and Wear – December 2024
Princess Road, Ashton-in-Makerfield, Greater Manchester – December 2024
Not only do they look fabulous, but they’re super affordable too.
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At just £6.99, these lanterns are incredibly gorgeous and great value for money.
One savvy shopper was left overjoyed when she spotted the festive find in her local Aldi.
Thrilled with her purchase, which she has been trying to nab for almost three years, Helen Perry took to social media to share it with others, leaving many open-mouthed.
Posting on Aldi UK Shoppers, a private Facebook group with 312,500 members, Helen shared snaps of her new green lantern and beamed: “After almost three years, I have finally got the green one.
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