The new owner of the Spectator didn’t cough up £100m just for the fun of it

The Spectator has been sold for a reassuringly high price to hedge funder Sir Paul Marshall.

2024-09-15  998  中等

The Daily Telegraph and its Sunday sister have attracted last-round bids from Marshall, a former Lib Dem and later Brexiter (though not at the same time) who has clearly decided that he is prepared to empty considerable pockets into UK media via his backing for the rightwing GB News channel and eclectic UnHerd website. In a donkey derby of remaining bidders, the recipe is ideological with a major injection of investment or private equity cash.

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