The Spectator magazine has been sold to hedge fund tycoon and GB News’s biggest shareholder Sir Paul Marshall for £100m.
The title is one of the UK’s most influential political magazines and counts former prime minister Boris Johnson and ex-chancellor Nigel Lawson as past editors.
The transaction decouples it from the search to find new owners for the right-leaning Telegraph newspapers.
It is possible Sir Paul could still buy the Daily and Sunday Telegraph papers.
The fate of the media assets has been thrown into question by the unravelling of a deal that would have seen RedBird IMI, a vehicle backed by Abu Dhabi state funding, take control of them.
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The takeover collapsed after the government intervened to block ownership of national newspapers by funds emanating from overseas governments.
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The £100m price tag will be viewed positively by sellers RedBird IMI, which paid £600m for the magazine and Telegraph titles. Current editor Fraser Nelson said the sums “speaks to that belief in our potential”.
Aged 106 years old, The Spectator is said to be the world’s oldest magazine.
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Sir Paul’s Old Queen Street Ventures Limited (OQS) also owns the website Unherd.
A two-phase statutory public inquiry into the Southport murders has been formally launched.
Home Secretary Yvette Cooper said the first phase would look at the circumstances around Axel Rudakubana’s attack on a Taylor Swift-themed dance class last summer.
It will focus on issues around policing, the criminal justice system and the multiple agencies involved with the attacker who killed three girls – seven-year-old Elsie Stancombe, six-year-old Bebe King and Alice da Silva Aguiar, nine.
It follows the revelation Rudakubana had been referred to the government’s Prevent scheme on three occasions, with the cases being closed each time.
This breaking news story is being updated and more details will be published shortly.
A police officer who was driving a van that followed two teenagers shortly before they died in an e-bike crash will not be prosecuted.
The deaths of Harvey Evans, 15, and Kyrees Sullivan, 16, sparked riots in the Ely area of Cardiff in May 2023.
The officer was facing a dangerous driving allegation but prosecutors decided there was not enough evidence for a realistic prospect of conviction.
A Crown Prosecution Service (CPS) statement said: “We fully understand that this will be disappointing news for the families of both boys and will offer a meeting with them to explain our reasoning further.”
Rumours on social media that the teenagers were being pursued by police were initially denied.
South Wales Police said none of its vehicles were in Snowden Road at the time of the crash.
But police watchdog the Independent Office for Police Conduct (IOPC) later confirmed it was investigating after video appeared to show them being followed by a van – without blue lights or a siren – minutes before the incident.
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Other footage, however, showed the van turn off and it wasn’t following the boys at the time of the collision.
A key factor under consideration was whether there was any point at which the actions of the officers in the van “constituted a pursuit”.
Image: CCTV showed a police van following the bike moments before it crashed
Detective Chief Inspector Alex Gammampila, who is leading the investigation, called it “an awful incident in which a teenager has lost his life”.
“The thoughts of everyone in the Met remain with Keiron’s family and loved ones as they begin to come to terms with their tragic loss,” the officer added.
The suspects are due to appear at Highbury Corner Youth Court on Monday.