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Hedge fund investor buys UK political magazine The Spectator for $131 million

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Associated Press

LONDON (AP) — A hedge fund investor has bought political magazine The Spectator for 100 million pounds or $131 million. The sale announced on Tuesday came after a months-long search for a new owner for the publication. Millionaire Paul Marshall is already the co-owner of U.K. channel GB News. His takeover of The Spectator came after the U.K. government blocked a United Arab Emirates-backed consortium from buying the Telegraph Media Group. The group owns the Daily Telegraph and Sunday Telegraph newspapers and The Spectator. The publications are closely allied to Britain’s Conservative Party.

Article Topic Follows: AP National News

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Associated Press

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