Hedge fund investor buys The Spectator magazine for $131 million

LONDON, U.K. Paul Marshall, a hedge fund investor and co-owner of GB News, has purchased the British political magazine The Spectator for £100 million ($131 million). This acquisition concludes a prolonged search for a new owner of the historic publication.

Marshall's acquisition follows the U.K. government's intervention in selling the Telegraph Media Group, which owns The Spectator and the Daily Telegrap