GB News
January 2021
“We’re thrilled to have such a broad range of high-calibre investors who share our belief that many British people are crying out for a news service that is more diverse and more representative of their values and concerns”
- Andrew Neil, Chairman
- Books were 1.5x covered
- Discovery Inc. and Legatum were the co-lead investors
British businessman and philanthropist Sir Paul Marshall as well as other HNW individuals also participated in the round
Panmure Gordon acted as Sole Financial Adviser & Placement Agent on the Series A fund raise
In June 2021, GB News launched a new and highly differentiated TV news channel to provide real and balanced news with 100% British content covering the entire UK and matching digital, social and community presence
- Raised c. £60m to set up, launch and run the business operations over the next five years
- Strong interest from a wide range of strategic investors, HNW individuals and family offices in the UK, Europe and the US
“This is a significant investment in British journalism at a time when it’s needed most. GB News will be proudly independent and fearless in tackling the issues people care about, especially in communities outside London”
Angelos Frangopoulos, CEO