Sir Paul Marshall has successfully acquired The Spectator for £100 million, marking a significant move in the UK media landscape. The hedge fund billionaire, who also backs GB News, aims to enhance the magazine's journalism and expand its reach, particularly in North America. This acquisition comes from RedBird IMI, which sought a viable buyer for the politically influential magazine amid ongoing sales of the Telegraph Media Group. Marshall, through his Old Queen Street Ventures, has expressed confidence in being a responsible custodian of The Spectator, which has a long-standing reputation since its founding in 1828. The sale follows regulatory scrutiny over media ownership and is part of a broader strategy to reclaim value from previous investments by RedBird IMI. The process for the sale of the Telegraph titles is still ongoing, attracting significant interest from various bidders.