LONDON (AP) — A hedge fund investor has bought The Spectator, one of the world's oldest political magazines, for 100 million pounds ($131 million) after a...
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.
But the consortium pulled out in March following strong opposition from Britain's government, citing concerns about the impact on freedom of expression and accurate presentation of news. Government officials launched legislation to block foreign state ownership of British newspapers and magazines. The Spectator, established in 1828 in London, is believed to be the oldest-surviving current affairs magazine in the world. Previous editors include Boris Johnson , who went on to become British prime minister from 2019 to 2022.
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