Scott Trust and Guardian Media Group sign a deal with Tortoise Media to buy the Observer

Mandatory Credit: Photo by Vuk Valcic/ZUMA Press Wire/REX/Shutterstock (14967751d) Photograph: Vuk Valcic/ZUMA Press Wire/REX/Shutterstock Photograph: Vuk Valcic/ZUMA Press Wire/REX/Shutterstock

The Scott Trust and Guardian Media Group (GMG) have signed a deal with Tortoise Media to buy the Observer.

Lucy Rock has been appointed editor (print) of the Observer, the first woman to oversee the newspaper in 100 years. She will work alongside a digital editor, as the Observer builds its own online brand. Lucy will report to James Harding, who will be editor-in-chief.