City A.M.: Capital Ideas group makes bid for Observer
August 14th, 2009Posted by Laura Oliver in Editors' pick, Newspapers
Following recent speculation about the future of Guardian News and Media’s Sunday title, the Observer, City A.M. reports that Capital Ideas, an investment group, has put in a bid for the paper.
The move to buy the Observer for a ‘nominal sum’ would see the title turned into a weekly news magazine and website, with fewer staff, if successful.
Capital Ideas already owns trade titles Compliance and Investing for Growth.
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