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Richard Perry MA FRSA's avatar

Well said. Sounds like personal egos doing a deal in a Tuscan villa. If the Trust is true to its values why doesn’t it sell it to the staff under an EOT - Employee Ownership Trust. It’s easy to value and has a revenue stream. Mutual Equity not Private Equity

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Jessica Summerfield's avatar

Oh my God, Carole, this is appalling. Thank you for writing this piece and for your moral clarity. I am shocked that the GNM would behave this way, believing as I did that The Guardian & Observer are truly independent thanks to the Scott Trust. I’ve been a reader for 34 years, the last 12 of which have been spent as a paid subscriber in America where, as you correctly point out, journalism and truth itself are imperiled. How could GNM betray its staff and its readers at any time, much less NOW? It’s beyond the pale. I am so sorry this is happening, and you and your fellow journalists have my full support. Put another way, if the Observer is sold in this fashion, I can’t continue to support the Guardian as a reader and subscriber. Good luck and again, THANK YOU.

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