I'm looking forward to a long slow read explaining the Magic Money Tree discovered by James Harding, former boss of BBC News, now seeking to acquire The Observer from the Guardian Media Group for his digital journalism venture, Tortoise Media.
Tortoise Media's last full set of accounts show an accumulated deficit of £16.3m since the company was set up in 2018. In those accounts, they announced further investment of £1.1m. Turnover was £6m; losses for the year £4m.
Apparently Tortoise can commit to £5m of investment in The Observer for each of the next five years. Presumably there's a business plan beyond more loans and share selling...
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