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 [...]
Sir Paul Marshall pulls out of race to own Telegraph Media Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.
Michael Gove to become new Spectator editor following sale Media Former Tory Cabinet minister Michael Gove is poised to become the new editor of The Spectator, pending approval from the Advisory Committee on Business Appointments (ACOBA). If greenlit, Gove will succeed long-time editor Fraser Nelson, who will retire after a 15-year tenure. The move comes after Old Queen Street (OQS) Media, owned by British entrepreneur [...]
The Capitalist: All aboard the Spoons Express September 5, 2024 City slickers check out Waterloo's new Spoons, a hedge fund tycoon closes in on The Spectator and a farewell to City Spy in this week's The Capitalist.
Sir Paul Marshall: Hedge fund owner and GB News shareholder poised to snap up The Spectator August 1, 2024 The hedge fund magnate and GB News shareholder Sir Paul Marshall is is close to securing a deal to buy The Spectator, one of Britain’s top political magazines. According to Sky News, Sir Paul, co-founder of Marshall Wace, is the leading bidder for The Spectator, which is being auctioned alongside the Daily and Sunday Telegraph [...]
Media secretary demands updates into Redbird IMI’s Telegraph sale May 3, 2024 Earlier this week, Abu Dhabi-backed investment fund Redbird IMI formally withdrew its offer for the Telegraph and launched a sale of it.