Dozens of journalists are facing an uncertain start to 2025 following the sale of The Observer to Tortoise Media. The Observer is the world’s oldest Sunday newspaper, and was previously owned by the Guardian Media Group and The Scott Trust.
Impact on employees
According to well-respected journalist, Carole Cadwalladr, more than 70 current freelance and casual staff have been given the option of either accepting a one-year contract with Tortoise, or being let go with no pay-off.
However, an article on the Tortoise media website states that it will honour all of the main employment terms for staff members, contributors and freelancers who would like to remain working on The Observer.
Who is Tortoise Media?
Tortoise Media is a relatively new media company that was formed in 2017. It boasts a number of billionaire backers, and is led by former Times Editor, James Harding – who also owns 32.5% of the company’s shares.
Plans for The Observer
Tortoise has revealed plans to combine its digital newsroom with that of The Observer. It also intends to launch a daily ‘digital Observer’, complete with website, podcasts, newsletters, and videos.
Key positions
Lucy Rock will become Print Editor of The Observer, whilst James Harding will be Editor-in-Chief. The company board will be chaired by Matthew Barzun. The Scott Trust will have a seat on both the editorial board and the company board.
Journalism courses
Journalism remains an attractive career option. If you are considering a move into this sphere, then there are a number of specialist providers of journalism courses, such as https://schoolofjournalism.co.uk/, who offer a range of options that can help you prepare for such a role.
The UK job market
As we start 2025, there is a rather mixed outlook. The retail sector is predicted to struggle, with some estimates suggesting that as many as 200,000 jobs could be cut in 2025. Other sectors are expected to see minimal growth or stagnation – mostly due to subdued demand coupled with higher business rates and increased employment costs.