Billionaire Paul Marshall, GB News Owner, Completes £100M Purchase of The Spectator

Sep 10, 2024, 10:10 AM

Hedge fund billionaire and owner of GB News, Sir Paul Marshall, has completed a £100 million purchase of The Spectator, a politically influential British magazine known for its sway over the Conservative Party. Marshall, who also owns UnHerd, plans overseas expansion and online growth for the magazine, according to the Financial Times. This acquisition is seen as a significant move to shape the future of UK's conservatism. The purchase price is viewed as a vote of confidence in The Spectator's potential, marking a new chapter in its 196-year history.