The Scott Trust spent five million pounds on nine per cent of Tortoise Media so that that start-up could buy The Observer. All 140 Observer staff have now been offered voluntary redundancy. With an endowment of £1.3 billion, the Scott Trust should buy it back.
That said, there are now 20 grandees of the liberal media who make, if not a living, then no doubt fat fees by watching GB News, for the first time in their lives, purely in order to complain about it and about the fact that its regular readers did not do so. Whoever is paying them to do that should put in a bid for The Observer. As, in that case, should Sir Paul Marshall and Legatum. Let the games begin.
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