Marshall, the hedge fund tycoon who already owns the UnHerd website, is also in the running to buy the Daily and Sunday Telegraph, with the second round of bids by prospective buyers due by 27 September.
The tycoon, a backer of the GB News television channel, which launched three years ago, has acquired the politically conservative magazine through his Old Queen Street Ventures (OQS).
Marshall, who has been in exclusive talks to buy the world's longest-running weekly magazine for the past month, has promised to keep the Spectator an independent part of his rapidly expanding British media empire.
Marshall, who will house the Spectator within the subsidiary Old Queen Street Media alongside UnHerd, said he is "confident that OQS will be a fine custodian".
"The plan is for OQS to make good previous underinvestment in one of the world's great titles," he said.
Freddie Sayers, the chief executive of OQS, will become the publisher of both titles. He said the Spectator would remain separate, with independent editorial and governance structures, including a new board likely to include Tory politicians.
This story is from the September 11, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 11, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Money hacks How to navigate the small print on savings accounts
Check for bonuses Providers are jostling for position at the top of the best-buy tables - but the best-paying accounts often come with caveats that can catch out unwary savers.
“Try them in different places' How and where to hang your art
Wherever you get your pictures, in your mind's eye you want them to be as expertly hung as the Royal Academy of Arts' Summer Exhibition. But poorly spaced frames and wonky canvases can spoil the final effect.
Picture perfect How you can buy art at affordable prices
Thanks to online galleries and affordable fairs, collecting art is no longer an exclusive club for the well-off. Zoe Wood reports
First 100 days: Reeves had to walk tightrope between pain and promise
The good news is that the economy is in reasonably good shape. The bad is that the recovery appears to be losing momentum
UK economy returns to growth in boost for chancellor before budget
The UK economy returned to growth in August after flatlining for two months, in a boost for the chancellor, Rachel Reeves, before the autumn budget.
Growth of micro-gyms fills gaps in high street
More than 1,000 independent health clubs have opened on high streets and in shopping centres since 2019
Turning the tables Ex-poker professional takes on bookies with push to raise duties
As a former professional poker player, Derek Webb is used to rising from the table holding more chips than he started with. Vanquished opponents are left wondering how they have been bested by a bespectacled septuagenarian with a Derby accent.
Labour considers £3bn gambling tax under 'polluter pays' proposals
Ministers are considering a tax raid of up to £3bn on the gambling sector as Rachel Reeves casts around for funds to shore up the public finances.
Killer cars March of the monster trucks into Europe due to loophole
The engines rev, the guitars thrum and a gruff narrator explains why the vehicle occupying the driveway is more than just a machine. “A truck is a tool,” he says, “but a Ram - a Ram is life.” So begins an advert for the Ram 1500, a pickup truck that is slightly bigger than the Panzer I tanks of Nazi Germany and almost as heavy. It is growing in popularity in Europe, with the number of Rams arriving from the US up 20% in 2023 compared with 2022, according to registration data from the European Environment Agency.
Finland's forest crisis
What happens when they stop absorbing carbon?
