GB News: Huge losses continue despite sales and audience surge Media GB News has reported another huge loss despite its revenue more than doubling and its audience continuing to grow. The TV channel, whose well-known presenters include Reform UK leader Nigel Farage, fell to a pre-tax loss of £33.4m in the year to 31 May, 2024. The loss comes after GB News also made a pre-tax [...]
The Spectator: RedbirdIMI sale forces magazine into the red for the first time since 2012 Media The Spectator crashed into the red for the first time in more than a decade after its initial sale to RedbirdIMI, it has been revealed. The magazine has posted a pre-tax loss of £6.8m for 2023, according to delayed accounts filed with Companies House after the sale cost it £6.4m. The loss came after the [...]
Redbird IMI sells The Spectator to Sir Paul Marshall for £100m Media Redbird IMI has sold The Spectator magazine, part of the Telegraph Media Group, to hedge fund magnate Sir Paul Marshall’s Old Queen Street (OQS) Media for £100m. OQS Media owns and operates the online magazine UnHerd, the Old Queen Street Café, the UnHerd Club and CoEditor Limited, a publishing technology startup. Sir Paul Marshall, also [...]
Daily Mail owner pulls out of Telegraph race due to ‘overly restrictive’ new rules July 11, 2024 Daily Mail owner DMGT has pulled out of the race to own the Telegraph conceding that it would become embroiled in a protracted and knotty process with competition authorities, blaming to updated governing rules and the "new government".