FT.com / Media - Axe hangs over The Observer.

For the sake of ensuring the survival of something like balance in the press - I hope not

We face the propsect of a government as mad as Thatcher's (maybe worse: times have changed meaning the attitudes of many amongst Conservative PPCs are even more repugnant). We need all the outlets we can to hold it to account and to build the challenge to it that will be required.