Title’s first female editor in more than a century will work alongside a digital editor, as Observer builds online brand

Lucy Rock has been appointed as the first female editor of the Observer in more than a century as part of an announcement that confirmed the sale of the title to Tortoise Media.

The Scott Trust, the ultimate owner of the Guardian, also confirmed it would join new and existing investors by committing £5m into Tortoise Media as part of an overall £25m investment in the Observer.