The Spectator was sold in a separate purchase from the ongoing bidding for the Telegraph Media Group. The National
The Spectator was sold in a separate purchase from the ongoing bidding for the Telegraph Media Group. The National
The Spectator was sold in a separate purchase from the ongoing bidding for the Telegraph Media Group. The National
The Spectator was sold in a separate purchase from the ongoing bidding for the Telegraph Media Group. The National

RedBird IMI sells UK's Spectator magazine for £100m


Tim Stickings
  • English
  • Arabic

British news magazine The Spectator has been sold to businessman Paul Marshall by US-UAE joint venture RedBird IMI.

The right-leaning magazine was sold for £100 million ($131 million) in a deal conducted separately from the intended sale of the Telegraph Media Group.

Both titles were owned by the Barclay family until their debts were acquired last year by RedBird IMI, a joint venture between RedBird Capital Partners in New York and Abu Dhabi company International Media Investments, which owns The National.

RedBird IMI had proposed the acquisition of The Spectator and the Telegraph Media Group after taking on their debts from the Barclay family, but the UK government launched legislation in March limiting foreign ownership of newspapers. The previous owners lost control of the titles to Lloyds Bank last year.

Telegraph auction

RedBird IMI said the sale of The Spectator to Mr Marshall's Old Queen Street Media was a milestone in its commercial strategy. It said in a statement that the Telegraph auction was under way with strong interest from bidders globally.

"We are pleased this process was completed swiftly and smoothly, maximising value and providing certainty to The Spectator staff and their growing readership," said IMI chief executive Rani Raad. "The next phase of the sale of the Telegraph Media Group continues with strong interest from UK and international groups."

Jeff Zucker, chief executive of RedBird IMI, said the sale accomplished its aim of finding a viable buyer for The Spectator and "makes strong economic sense". He said the company expects to "have the same success as we pursue a buyer for the Telegraph Media Group".

Mr Marshall, The Spectator's new owner, is an investor in TV channel GB News and owner of the website UnHerd. Financial advisers including Raine, Robey Warshaw and Moelis & Company were involved in the sale.

RedBird IMI acquired UK production company All3Media for £1.15 billion in May. IMI also owns Sky News Arabia, Al Ain News and CNN Business Arabic, and has a minority stake in Euronews.

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Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

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Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

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The company offers payments/bribes to win key contracts in the Middle East

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The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

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Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

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Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

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August 2025

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Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Ukraine

Capital: Kiev

Population: 44.13 million

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Russia-backed fighters control territory

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Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

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