GB News owner buys Spectator magazine for £100m

Quick Summary:

The right-leaning political magazine has been sold to the hedge fund tycoon Sir Paul Marshall.

They were sold to RedBird IMI in a deal which valued the publications at around £600m, before the government intervened and passed legislation, prompting RedBird to halt the takeover and put them back up for sale.

Former Guardian editor Alan Rusbridger said the "hateful ‘likes’ make him unfit to be a media mogul".

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Article Details

Author / Journalist: BBC News

Category: Business

Markets: United Kingdom

Topics: Sale Telegraph Hedge News Spectator Paul Media Marshall Deal Willing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 16:14:00 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 848 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 22452188

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 2 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 17 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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