London, United Kingdom – Sir Paul Marshall, the hedge fund tycoon and major investor in GB News, has acquired the right-leaning political magazine, The Spectator, for a cool £100 million.
The magazine’s previous owner, David Ross, had been seeking a buyer for the publication since last year. A number of parties were interested in acquiring The Spectator, but Marshall’s bid was ultimately successful.
Marshall is a long-time supporter of the Conservative Party and has been a vocal critic of the BBC. He is also a major donor to GB News, which launched in June 2021.
The purchase of The Spectator is seen as a significant move by Marshall, who is now one of the most influential figures in British media.
The Spectator was founded in 1828 and is one of the oldest and most respected magazines in the UK. It has a circulation of around 50,000 and is known for its witty and often acerbic commentary on politics and culture.
It is not yet clear what changes Marshall plans to make to The Spectator. However, he has said that he wants to ensure that the magazine remains “a voice for the voiceless” and that it continues to publish “high-quality journalism.”
Marshall’s purchase of The Spectator is likely to be welcomed by many of its readers. The magazine has been in financial difficulty in recent years, and Marshall’s investment could help to secure its future.
However, some critics have expressed concern that Marshall’s ownership could lead to The Spectator becoming more partisan and less independent.
Only time will tell what the future holds for The Spectator under Marshall’s ownership.
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