A hedge fund investor has bought The Spectator, one of the world’s oldest political magazines, for 100 million pounds ($131 million) after a months-long search for a new owner for the publication. Millionaire Paul Marshall is already the co-owner of U.K.
LONDON — A hedge fund investor has bought The Spectator, one of the world’s oldest political magazines, for 100 million pounds after aMillionaire Paul Marshall is already the co-owner of U.K. channel GB News, which launched three years ago as a right-leaning, Fox News-style alternative to the mainstream news channels.
The media group, previously owned by the Barclay family, was put up for sale to help pay off the family’s debts. A deal was struck to sell the business to RedBird IMI, a consortium backed by U.S. financial firm RedBird Capital Partners and Sheikh Mansour bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family and the UAE’s vice president. The group is run by former CNN chief Jeff Zucker.
Marshall said he was a “long-term Spectator reader” and that he was delighted with the acquisition through his Old Queen Street media group.
United Arab Emirates United Kingdom Government General News Financial Services Personal Finance Business Politics F Jeff Zucker World News I
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Montgomery Public Schools reminds football fans of spectator rulesThe same rules for spectators are in place as they were originally introduced two seasons ago.
Lire la suite »
Athletes Have Special Spectator for Surfing at 2024 Summer Olympic GamesThe surfers at the 2024 Summer Olympic Games in Paris had a lot of spectators, but one stood out among the rest.
Lire la suite »
Brandon Aiyuk appears at 49ers practice as a spectator as 'hold in' enters 4th weekStar receiver Brandon Aiyuk was back out at San Francisco 49ers practice as a spectator as his contract hold in enters a fourth week still in search of a resolution.
Lire la suite »
Newly released docs show security plans ahead of Trump rally shootingOne spectator was killed and two were hurt in the shooting on July 13.
Lire la suite »
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' managementElliott Investment Management has acquired enough of the company’s stock to call a special meeting of shareholders.
Lire la suite »
How can investors hedge US election risks?How can investors hedge US election risks?
Lire la suite »