Paul Marshall Buys The Spectator for £100 Million

The hedge fund manager plans investments to revitalize the nearly 200-year-old political magazine while ensuring editorial independence.

Sir Paul Marshall acquired The Spectator for £100 million through Old Queen Street Ventures.
Outgoing chairman Andrew Neil criticized the sale process and announced his resignation.
The acquisition includes plans to address previous underinvestment and expand the magazine's reach.
The UK government previously blocked a foreign consortium from purchasing The Spectator due to press freedom concerns.
The Spectator, established in 1828, is known for its strong editorial independence and historical significance.