WEBVTT

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Music.

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Hello and welcome to the Edition podcast. I know we're a couple of days late,

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but it's worth the wait because you have not one but two Charlottes on this show.

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I'm, of course, your host, Charlotte Henry, and joining me is the UK editor

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of Press Gazette. It's Charlotte Tobit. Hello.

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Hello. Charlotte Squared. Yeah, Charlotte Squared, which is exactly what everyone would want.

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So we've got some huge, we both were chatting before the show saying,

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oh, did you ever know, Summer?

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You were like, no, it's definitely over. Many things are happening. and

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and that is true the media world has got so

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much going on but here in the uk there's been one really fascinating

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story which is that tortoise media might

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be buying the observer so tortoise media for those that don't know was run by

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the ex-bbc news boss james harding um he edited the times as well didn't if

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i remember he's had a lot of big jobs in journalism uh and so he started Hearted Tortoise, which was,

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as the name suggests, all around slow news.

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And right at the beginning, it was quite sort of text focused and it was doing

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these big in-depth stories and then shifted quite a lot in recent years to podcasting.

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Podcasting is its really big focus and it's done some amazing shows.

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The one about the sort of catfishing. Sweet Bobby. Sweet Bobby is absolutely

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amazing for anyone that hasn't listened to it. It's absolutely incredible piece of work.

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I'm doing a Netflix version of that now. I can imagine. And I suspect that's

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going to be amazing. Yeah.

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So they do all these amazing shows and now they might be buying the world's

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oldest Sunday newspaper, the Observer.

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You for Press Gazette Charlotte initially reported on this.

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What's your take on this?

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It's a really interesting play. I see, I mean, there were a lot of,

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it's hard to get an initial take because it was really hard to see exactly what

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the plan was, you know, whether they would have,

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whether it was just meant to be a print add-on or whether there was going to

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be a separate digital brand around it and things like that.

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So it's hard to, you know, assess it as a business case, really,

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when we just don't know that much.

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I mean, it's quite unusual for this to have even been put out in the way that it has.

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It was kind of initially reported by Sky News, which I believe shortly after

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kind of management told Observer staff and apparently the rest of the Guardian

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staff learnt it from seeing Sky News on the TV.

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In typical Mark Kleinman fashion, it was a big Mark Kleinman scoop, wasn't it?

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Yeah yeah as as always like yeah

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always just obviously when mark khan gets a big media

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scoop but um yeah and then i mean

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and while that was happening i was writing about the guardian

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um media group accounts right you

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know that that's a big enough story on its own there's a lot in

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there to pick apart and then all of a sudden you're

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trying to you're like oh right and now there's this

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whole thing where they where tortoise wants to buy the observer

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um so yeah but

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we've we've since got a bit more information and my colleague

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dom has spoken to james harding um and

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um he's sort of said he thinks it's good for

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liberal journalism if this deal goes ahead

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and it would you know obviously protect the observer brand etc um

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the most negative thing that's come

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out i think is um through the

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nuj the union and staff in

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both the observer and the wider guardian are

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um i suppose probably range from

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unhappy to apprehensive to furious um they're worried about what it will mean

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for their job security with me the observer as a brand um at the guardian and

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staff have quite a lot of protections already in terms of like no compulsory

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redundancies and things like that.

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So going to kind of a smaller, basically still a startup really.

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You know, obviously that'd be a huge change.

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So sorry, I've kind of encapsulated a lot within that answer.

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No, I'm pleased you have because there's so much to discuss.

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Yeah, because I think one of the statements in Dom's story from the NUJ is the

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proposed sale does not and cannot offer the same security to the observer and

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its staff as they seek to maintain their reputation for journalistic excellence,

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independence, courage and integrity, which is kind of what you're getting at.

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Then there was also a motion of no confidence in the Scott Trust.

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Now, I don't want to go too far down this rabbit hole, but the Guardian is not

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owned in the way many other newspapers are. It's held in a trust, the Scott Trust.

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It's why it doesn't have to worry all that much about making money, if I could be so cynical.

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And so the motion of no confidence in the Scott Trust was passed as well.

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The Scott Trust do say that they're not, or in these accounts,

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it does say we can't just let the Guardian, and

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i can't remember the exact wording but they essentially said we

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can't just let it lose money and right you know forever so you

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know and so sometimes difficult decisions have to be made so it's not

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like um it's not like they can just you know keep throwing money at it forever

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and ever so it's kind of there it's probably got a bit more freedom than you

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know a plc for example obviously but um yeah it's not like um it's it's like

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it's not like a billionaire that's just gonna throw

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money at it forever because they like the feeling that gives them or whatever.

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Yeah, or because they can, yeah.

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In response to that NUJ statement, James Harding told your publication,

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The Press Gazette, we are pleased that the NUJ recognises the £25 million investment

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in The Observer, which is what tortists have promised, and they recognise we

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are securing the jobs of people at The Observer.

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We don't think this is going to reduce the resources going into liberal journalism.

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Evidence-based reporting and informed opinion.

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It's going to increase them. this puts new money into

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the observer for the first time in a long time and it seems to

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us also makes possible more investment in the guardian now

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as i understand it the guardian didn't plan

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on selling the observer this was sort of

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came out the blue i was quite shocked when i saw mark climate scoop i

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don't i don't know about you oh yeah

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i sent it in our um press group chat like wtf

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and i described it on linkedin as

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a marmalade dropper which is kind of old school journalism

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terms if you don't i thought everyone would know but people have

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been commenting on my face they didn't know but anyway um yeah so

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it seems that um they were approached uh the

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guardian were approached kind of a few weeks ago by tortoise

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and and yeah as you say they were very much like not

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you know shopping out or anything but um were

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kind of took the view that this was

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far too substantive an offer to not

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look at and they've obviously been looking at it and discussing it

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and now they've entered the phase of like exclusive talks and

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so um kind of within

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three months either way we should know yeah because yeah i was just about to

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say that in this 90 day period now uh but don story says the deal is not a fait

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accompli is his phrasing um so there's still a bit more to go on this just stepping

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back i'm going to put you on the spot here.

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Do you think in 90 days the Observer is going to be owned by Tortoise?

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Do you think it's going to happen? Well...

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I think it seems fairly likely, yeah. Okay.

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Yeah, don't play this back at 90 days if I'm wrong.

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No, no, 100%. Well, this is going to be clipped across social media. Don't worry about it.

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I think I'm glad to agree with you because I just don't think you would have got this.

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If they had no intention, the Guardian could easily have battered this away.

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Way the Scott Trust could have easily batted this away which I

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think and we know that they have you know in

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the past gone through points where

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they've tried to either close the

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Observer or kind of turn it into something different like

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a weekly magazine you know it's not like they've never ever

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thought about the place of the Observer

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in the business before right and yeah as you

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say I think because because they've got to

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this point the fact that they kind of announced it's not like it

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leaked but then they haven't wanted to say anything about it which

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obviously with a lot of deals that would be the case um

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both sides have put out statements about it and

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clarified some of the information and things like that like it is

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pretty legit but i do wonder if the main thing that might derail it now is staff

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and you know if staff i don't know in like kind of the model that the guardian

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has with their staff like the fact that they even elect the editor for example.

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I do yes that means yeah and and

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so do they have more power to object and

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um yeah raise concerns than than they might in other publishers well the answer

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that is of course yes but that doesn't mean it won't happen yeah of course I'm

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just I'm kind of heading my bets by saying if it doesn't happen I reckon it'll

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be something to do with staff yeah I think that sounds entirely

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sensible as a sort of yeah sort of the two different books either it's going

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to go through or the staff are going to do something to do really it doesn't

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seem like the oh james harding or the scott trust or whatever are the ones that will clash,

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Yeah, I reckon they've already figured out the,

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I think they've already decided that the kind of ethos and value fits enough

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because they wouldn't sell it to someone who they thought would change it so

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much and not fit the brand values because that would look terrible for them at the garden.

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It's not going to the Barclay Brothers. It's not going to the Barclay Brothers.

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Yeah, yeah, exactly.

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They would only even consider a certain type of owner You know,

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and I think they've already decided that Tortoise kind of fulfilled the kind

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of mission and values of that.

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Which brings me really to my next question, which is why on earth would a modern

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digital newsroom like which, you know, really did a pivot and focuses on award

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winning, fantastic podcasts.

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Why do they want to pick up a Sunday newspaper?

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Paper so i think

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um dom's story

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suggests um we're looking at it like or they're

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looking at it like um a weekly

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current affairs magazine like the

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atlantic which um you know only a

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few years ago was losing money and is now

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profitable it's like it's doing really really well both

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online is paywalled online and um

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kind of this weekly premium print product.

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And um i mean kind of a bit like the standard going

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from daily to weekly i think yes we'll

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come to i want to but like kind

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of um the reason i bring it up is i think the the um

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most longevity for print in

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kind of the longer term now will

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be weekly rather than daily like really

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ship habits have obviously changed so much we know that people

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aren't picking up papers daily and um

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there's a lot so much stuff we can

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read on the internet every single day but i think people like

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um and even including young people

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like having kind of a um off

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screen thing that they pick up every now

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and then whether that's like a week or a month or whatever um and

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so i i think the observer fits into that and i think um the sound is obviously

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trying that but um so that means that um tortoise would have something uh that's

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they very much don't have at the moment it would open up opportunities for like

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print advertising which can still be really solid if if you've got the.

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And then they seem to be looking at whether a paywalled website accompanying that could work.

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Which, of course, is antithetical to The Guardian, which has never put up a paywall.

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Indeed. And I mean, there's a lot to figure out that we don't know in terms

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of how the website would work. And obviously that would create a competitor to The Guardian.

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There's a lot of questions in terms of the online proposition, I think.

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Um and and the deal doesn't

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include the observer archive so you know they wouldn't have um to

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populate that in the first place um but yeah

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i think i think probably to the point where yes their

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podcast business is doing super well and they're licensing

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um some of the ip out and things like that

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but i suppose maybe they're

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seeing a limit to growing that

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in the short term and wondered how they could quickly boost

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the business and build a more rounded business it would

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make a more rounded business i guess i mean i'm not entirely sure how many people

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would pick it up on it but obviously there is some kind of advertising element

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as well if you like the observer go to tortoise media.com yeah for sure yeah

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cross cross promotion and which is interesting And yeah,

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there's a lot of just across the whole market kind of internationally.

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And there's a lot of consolidation, you know, instead of like one brand is kind

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of better if you have a few that can help you out.

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So currently tortoise don't have that. No.

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And they're doing things like a 30 day fee trial. They have a you can get if

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you're under 30, which I'm not.

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You can have 60 pounds a year subscription for tortoise. Otherwise,

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it's 130 pounds a year, 40 pounds quarterly.

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Um they do live events which is obviously a really big part

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of their business and was really a big deal but was obviously really disrupted during

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covid um so there's all sorts of uh different ways they could integrate it together

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i'm sure there would be a bundled subscription that you get the observer and

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tortoise it will be fascinating to see how that how they do all that and obviously

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there is plenty of written content on the tortoise website you You know,

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I don't want to overhype how much they've flipped a podcast because they still

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do care very much about the written word,

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but they made these huge award-winning podcasts, which are, you know.

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I mean, from what they've said and what I've seen them say at conferences and

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stuff, it is fair to, like, really say massively it's all about a podcast now.

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And, like, yeah, you're right, there's other content, but the podcasts are the big thing.

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Yeah, I mean, you and I have both spoken to Tortoise people,

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And that's really where the focus is, right? Yeah, for sure.

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And I guess maybe they think that having the observer means that's their way

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of getting the sort of balance of the written content.

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Yeah, yeah.

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You know, both of you and I are sort of guessing at this, but it is a fascinating one.

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I really was shocked when I saw it, actually, because the Guardian and the Observer

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have been so closely associated with each other for always.

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Because there is no Sunday Guardian in the Observer.

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Yeah, so it obviously makes you wonder what the Guardian will do.

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So I wonder if they could, I mean, the Saturday Guardian is already,

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you know, fairly beefy and got some good supplements.

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Maybe they'll do something in the vein of the FT weekend to make the Saturday offering really good.

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Yeah, because I guess if they're trying to cut, if part of this is to cut some

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costs, you're not going to make the Guardian on Sunday.

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You're not going to sell the Observer brand and then just make a Sunday Guardian.

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Yeah, I think it would be mad to add another print national newspaper now at

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this stage that we're at.

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You know, they're not going to do the Sun on Sunday thing when the news of the world disappeared.

00:16:38.461 --> 00:16:40.301
Yeah, I doubt that, yeah.

00:16:41.661 --> 00:16:46.621
I guess that means we're talking back to newspapers disappearing.

00:16:48.561 --> 00:16:53.221
On Thursday 19th of September, we got the last ever daily evening standard. Standard.

00:16:54.041 --> 00:16:59.721
For someone that grew up in London, the Evening Standard was a really big deal.

00:17:00.281 --> 00:17:06.461
It was in my house every evening. It had updated versions of the stories you'd

00:17:06.461 --> 00:17:09.481
heard about in the day. It was a really big deal.

00:17:10.661 --> 00:17:13.121
And now it's no more. Yeah.

00:17:14.534 --> 00:17:18.954
Yeah, I mean, it's been through so many changes since then, I suppose.

00:17:19.154 --> 00:17:25.334
And in kind of recent years, it's done the thing of like with the big picture

00:17:25.334 --> 00:17:30.034
front pages and, you know, the arrival of Dylan Jones from who was formerly

00:17:30.034 --> 00:17:31.454
at British UQ for a long time.

00:17:31.494 --> 00:17:35.474
You know, it's a bit more magazine feel, you know, not wholly.

00:17:35.554 --> 00:17:41.334
It still has new stories, obviously, but it also in recent years took out the

00:17:41.334 --> 00:17:44.854
London from the name. So I think maybe it lost that connection.

00:17:46.314 --> 00:17:50.774
And if you talk to evening standard people, they get a bit offended if you just

00:17:50.774 --> 00:17:55.814
think of it as a regional newspaper like the Manchester Evening News or something. They don't like that.

00:17:56.094 --> 00:18:01.754
Yeah, they deliberately tried to make it more of a broader brand,

00:18:01.914 --> 00:18:05.294
even though the print product was still only in London.

00:18:05.674 --> 00:18:10.294
But now, of course, with the weekly, it's very much pivoting back the other

00:18:10.294 --> 00:18:15.134
way. It's going to be the London Standard and it's all going to be kind of London

00:18:15.134 --> 00:18:20.274
news analysis and what to do in London.

00:18:20.434 --> 00:18:25.234
You know, it's all they've seen that as the USP, which I think makes sense because

00:18:25.234 --> 00:18:31.334
there isn't anything directly comparable in print in London anymore.

00:18:31.534 --> 00:18:33.514
I mean, daily or weekly, really. No.

00:18:35.694 --> 00:18:40.914
And there's also a thing that lots of publications fear being too London-centric, right?

00:18:41.014 --> 00:18:43.954
They all get twitchy if you say, oh, you need to get out of London.

00:18:44.134 --> 00:18:50.334
And so having something that's unashamedly London-focused, as you say, is a USP.

00:18:51.414 --> 00:18:55.434
Yeah, I mean, like national newspapers, for example, being told they're too London-centric,

00:18:55.434 --> 00:18:58.294
the trouble that it's not necessarily the stuff

00:18:58.294 --> 00:19:01.574
that kind of most people

00:19:01.574 --> 00:19:04.454
that live in london really want oh it's

00:19:04.454 --> 00:19:07.514
like the view of the country from london it's not

00:19:07.514 --> 00:19:11.234
like stuff that's going on in um

00:19:11.234 --> 00:19:17.534
you know brent or or hammersmith or you know i think and and thing and things

00:19:17.534 --> 00:19:23.334
to do uh probably maybe the culture sections have a um a slightly bigger focus

00:19:23.334 --> 00:19:27.974
on you know london theatres and museums but and of course sport,

00:19:28.874 --> 00:19:33.254
yeah it's always and online sport has become a huge deal for the evening standard

00:19:33.254 --> 00:19:39.694
they really dominate the kind of SEO how to watch match preview kind of space for example,

00:19:40.174 --> 00:19:43.834
very strong in there well that kind of thing is going to be less relevant with

00:19:43.834 --> 00:19:46.834
all the Google changes though so that doesn't well that will be fascinating

00:19:46.834 --> 00:19:50.294
yeah that will be very interesting to see but obviously they have major sports

00:19:50.294 --> 00:19:53.354
teams based in London and do a very good job of covering those.

00:19:54.783 --> 00:20:01.823
Yeah true yeah so that will be interesting to see what it does um yeah i i i'm

00:20:01.823 --> 00:20:05.523
kind of sad about it but i also couldn't tell you the last time i picked up

00:20:05.523 --> 00:20:06.823
a print copy of the evening standard,

00:20:07.883 --> 00:20:11.943
i think i mean i i always tried to make sure i picked them up every now and then but it

00:20:12.363 --> 00:20:15.123
the the one thing you immediately notice is how much

00:20:15.123 --> 00:20:18.103
thinner it felt compared to how it used to you

00:20:18.103 --> 00:20:21.083
know just simply fewer pages but again with

00:20:21.083 --> 00:20:25.623
the weekly they've said it'll be thicker yeah so i

00:20:25.623 --> 00:20:28.443
don't know i'm looking forward to seeing it but obviously yeah as you

00:20:28.443 --> 00:20:32.023
say it's really not the same um yeah yeah

00:20:32.023 --> 00:20:35.123
metro is still about obviously that's good that's the daily one

00:20:35.123 --> 00:20:37.803
in the morning yeah so in the morning yeah so it's quite a

00:20:37.803 --> 00:20:40.723
good kind of digest if you don't want to get that maybe

00:20:40.723 --> 00:20:43.803
if you get bad signal you know um they

00:20:43.803 --> 00:20:47.143
talk about having um competition from

00:20:47.143 --> 00:20:50.183
wi-fi and signal and stuff but actually a

00:20:50.183 --> 00:20:53.203
lot of times it's terrible signal yeah so people from

00:20:53.203 --> 00:20:57.863
listening maybe in the us or whatever having wi-fi on the tube has become a

00:20:57.863 --> 00:21:03.083
very big deal 5g on the tube it's be and so a lot of the argument that the metro

00:21:03.083 --> 00:21:05.723
and the evening standard put out is that people are now looking at their phones

00:21:05.723 --> 00:21:09.563
and downloading stuff on their phones because they can get signal instead of

00:21:09.563 --> 00:21:11.783
picking up a newspaper to entertain them on their commute.

00:21:12.663 --> 00:21:16.403
Yeah absolutely but um again um

00:21:16.403 --> 00:21:19.423
on my commute a lot for a

00:21:19.423 --> 00:21:22.143
lot of it the signal is just terrible obviously you can plan around that

00:21:22.143 --> 00:21:25.303
and and as you say you can download stuff or read different

00:21:25.303 --> 00:21:29.023
stuff or whatever fine but also although people

00:21:29.023 --> 00:21:32.503
are on their phones all the time people do like time off their phones um

00:21:32.503 --> 00:21:35.283
and and i think the good thing

00:21:35.283 --> 00:21:38.223
about something like the metro Metro actually still is that

00:21:38.223 --> 00:21:41.163
though it because it feels kind of

00:21:41.163 --> 00:21:44.683
I don't know it's you get a good digest

00:21:44.683 --> 00:21:47.583
of the day before so if you're not one of these people

00:21:47.583 --> 00:21:50.663
that's constantly plugged into the news obviously we are

00:21:50.663 --> 00:21:53.803
yeah but lots of people aren't and say and

00:21:53.803 --> 00:21:56.783
Metro has a good um it's on

00:21:56.783 --> 00:22:01.203
a lot of the buses for example so kind of you can picture people just being

00:22:01.203 --> 00:22:05.223
like okay I haven't you know looked at the news since um i don't know lunchtime

00:22:05.223 --> 00:22:08.683
yesterday maybe and i'll just have a quick look to check if i've missed anything

00:22:08.683 --> 00:22:14.063
there is still you know plenty of use case for for these papers so um they're

00:22:14.063 --> 00:22:15.043
on the bus as well the metro.

00:22:16.587 --> 00:22:20.287
Yeah, yeah, yeah. So yeah, Metro's got a much bigger bus network than the standard.

00:22:20.407 --> 00:22:23.607
And I think that maybe helps make the difference as well. Like they're reaching

00:22:23.607 --> 00:22:27.407
a lot of people that aren't office workers who are going in every day.

00:22:28.447 --> 00:22:37.327
It's, yeah, it's, I think, yeah, I think it's, it's nice to not be all doom and gloom about it.

00:22:37.727 --> 00:22:41.087
Okay. Well, I like ending on a positive note.

00:22:41.187 --> 00:22:45.507
So Shara and Toby, thanks so much for joining. Where can people keep up with

00:22:45.507 --> 00:22:46.407
all the great stuff you do?

00:22:47.147 --> 00:22:51.227
So uh pressgazette.co.uk obviously

00:22:51.227 --> 00:22:57.907
um and i'm just at charlotte tobert on x same or however it's on blue sky and

00:22:57.907 --> 00:23:02.047
trying to do a bit of both at the moment and um linkedin as well i pissed a

00:23:02.047 --> 00:23:06.587
bit lovely well thanks so much for joining i'm at charlotte a henry across social

00:23:06.587 --> 00:23:11.067
media hopefully if you're listening to this you are at you know all about the edition

00:23:11.287 --> 00:23:16.447
.net and you're subscribed to the paid for newsletter as well it helps keep

00:23:16.447 --> 00:23:20.787
the show on the road and it means i love you deeply um we'll be back next week

00:23:20.787 --> 00:23:24.547
with more great guests and conversations about the media until then have a good time.

00:23:24.880 --> 00:23:33.700
Music.

