GB News launched in 2021 with a promise of offering an alternative to established British news broadcasters. Since then, questions about who controls the channel, where its money comes from, and whether it is connected to larger media empires have followed it. The answers are less straightforward than a single name on a deed.
Who Owns GB News?
2021
Sir Paul Marshall (co-owner), Legatum (co-owner) via All Perspectives Ltd
Often described as right-wing or conservative
Nigel Farage, Eamonn Holmes, Dan Wootton, Michelle Dewberry
- GB News is jointly owned by hedge fund billionaire Sir Paul Marshall and Dubai-based investment firm Legatum, through a holding company called All Perspectives Ltd.
- Contrary to common rumors, GB News is NOT owned by Rupert Murdoch or any of his companies (Fox, News Corp).
- Sir Paul Marshall also owns The Spectator and UnHerd, making him a significant force in UK conservative media.
- GB News has faced multiple Ofcom investigations for alleged bias and impartiality breaches, fueling debate about its editorial stance.
- The channel’s presenters include political figures and established broadcasters, with Nigel Farage hosting a prime-time show.
| Attribute | Detail |
|---|---|
| Full Company Name | GB News Limited |
| Company Number | 12859339 (England & Wales) |
| Registered Address | The Point, 37 North Wharf Road, London, W2 1AF |
| Holding Company | All Perspectives Ltd |
| Key Owners | Sir Paul Marshall (via Marshall Investments) and Legatum Group |
| Launch Date | June 2021 |
| Regulator | Ofcom (UK communications regulator) |
| Revenue Model | Advertising, subscriptions (GB News+), commercial partnerships |
Is GB News Owned by Rupert Murdoch?
The short answer is no. Despite recurring speculation – much of it driven by comparisons to Fox News in the United States – Rupert Murdoch holds no stake in GB News. Neither News Corp nor Fox Corporation has any ownership interest in the channel, according to publicly available records and the channel’s own disclosures.
The confusion may stem from the fact that both GB News and Fox News occupy similar positions in their respective media markets: they are often described as conservative or right-leaning. But the corporate DNA is completely separate. GB News’s backers are Sir Paul Marshall and Legatum, not the Murdoch family.
Does Nigel Farage own GB News?
Nigel Farage is a presenter, not an owner. He hosts a prime-time show on the channel but does not hold any equity stake, according to all available reporting.
GB News is frequently labelled “Britain’s Fox News” in headlines. That branding, combined with Murdoch’s history in UK media (Sky, The Sun, The Times), leads many to assume a link. In reality, the channel’s funding comes from an entirely different set of private investors, none of whom are connected to the Murdoch empire.
Who Is Sir Paul Marshall, the Co-Owner of GB News?
Sir Paul Marshall is a British hedge fund manager and one of the most prominent figures in the UK’s conservative media landscape. He is the founder and chief investment officer of Marshall Wace, one of the world’s largest hedge funds. His net worth, estimated in the hundreds of millions of pounds, has allowed him to become a major media investor.
Beyond GB News, Marshall owns the political website UnHerd and, after a contentious takeover, Who owns The Spectator? – the venerable weekly magazine. These holdings create a network of outlets that often amplify similar viewpoints.
According to GB News’s own “Our Investors” page, Marshall is described as “an investor in GB News in a personal capacity.” He briefly served as interim chair after founding chairman Andrew Neil left the channel in 2021.
What is Legatum’s role?
Legatum, a Dubai-based investment firm associated with Christopher Chandler, is the channel’s other principal backer. Public reporting describes Legatum as a co-owner and co-funder. The firm has been politically active in the UK, supporting Brexit, and its involvement adds a geopolitical dimension to GB News’s ownership structure.
GB News operates through its parent company All Perspectives Ltd. Both Marshall and Legatum are understood to have provided capital through this corporate vehicle. The exact equity split between them has never been publicly disclosed. The channel has reported significant losses – £30.7 million in 2021–22, £42.4 million in 2022–23, and £33.4 million in 2023–24 – and owes more than £117 million to All Perspectives Ltd, indicating heavy reliance on its owners’ continued support.
Is GB News Right-Wing or Biased?
Critics and supporters alike describe GB News as a right-leaning channel. The channel itself says it offers “courageous and wide-ranging debate”. Ofcom, the UK’s communications regulator, has found GB News in breach of impartiality rules on multiple occasions. In 2024–2025, the regulator issued fines for violations related to political balance, particularly around programming featuring Conservative politicians as hosts.
Whether that constitutes “bias” depends on the definition used. The channel’s presenters include former political figures such as Nigel Farage and Jacob Rees-Mogg, alongside journalists like Dan Wootton. Its editorial tone is often critical of the BBC and what it sees as a mainstream liberal consensus.
Who Are the Presenters of GB News?
The on-air lineup includes a mix of television veterans and political figures. Notable names include:
- Nigel Farage – former UKIP and Brexit Party leader, hosts a weekday evening show.
- Eamonn Holmes – long-time broadcaster, presents a weekday morning programme.
- Dan Wootton – former tabloid journalist, hosts an evening opinion show.
- Michelle Dewberry – former Apprentice winner and businesswoman, presents a weekend slot.
- Jacob Rees-Mogg – former Conservative MP and minister, hosts a weekday afternoon programme.
The channel also employs a number of newsreaders and reporters for its rolling news output. Many presenters have political backgrounds, which has raised questions about whether the channel’s programming meets Ofcom’s due impartiality requirements.
Timeline of GB News Ownership and Key Events
- 2020 – GB News announced by former BBC presenter Andrew Neil, backed by Sir Paul Marshall and Legatum.
- June 2021 – Channel launches with a mix of news and opinion programming.
- 2021–2022 – Founding chairman Andrew Neil leaves; ownership structure remains with Marshall and Legatum.
- 2023 – GB News expands digital offerings (GB News+) and hires Nigel Farage as a presenter.
- 2024–2025 – Ofcom fines GB News for breaching impartiality rules; channel aims to become UK’s largest news channel by 2028.
What Is Known and What Remains Unclear About GB News Ownership
| Established information | Information that remains unclear |
|---|---|
| GB News is co-owned by Sir Paul Marshall and Legatum. | The exact percentage split of ownership between Marshall and Legatum is not publicly disclosed. |
| Rupert Murdoch has no ownership stake in GB News. | Whether further investors have bought stakes since launch is unclear from public records. |
| Nigel Farage is a presenter, not an owner. | The full list of silent shareholders or beneficiaries behind Legatum’s involvement is not known. |
Why Does Ownership Matter for GB News?
Ownership of a news channel matters because it shapes editorial direction, financial resilience, and independence. GB News is often compared to Fox News in the US – a comparison that has fueled the misconception about Murdoch. In reality, the channel is backed by two powerful private interests: a hedge fund billionaire with ambitions in conservative media, and a Dubai-based investment firm with its own political alignments.
Sir Paul Marshall’s acquisition of The Spectator and his ownership of UnHerd create a cluster of outlets that share a broadly conservative outlook. Legatum’s background adds an international dimension that is rarely discussed in coverage of the channel. These factors together mean that the channel’s editorial stance is not just a matter of market positioning but is tied to the interests of its funders.
The channel’s cumulative losses – reported as over £117 million by 2024, and over £130 million by the end of the 2024 financial year – underline its dependence on continued backing from Marshall and Legatum. That financial reality makes ownership structure a critical factor in assessing the channel’s future independence and stability.
Sources and Key Quotes on GB News Ownership
“GB News is jointly owned by hedge fund manager Sir Paul Marshall and Dubai-based investment firm Legatum, under the umbrella of a holding company, All Perspectives Ltd.”
“He [Paul Marshall] is the owner of UnHerd and The Spectator, and co-owner of GB News.”
“Backed by the hedge fund tycoon Sir Paul Marshall, the channel aims to become the UK’s largest news channel by 2028 – despite indifferent ratings.”
Summary: Who Really Owns GB News?
GB News is privately funded and primarily backed by Sir Paul Marshall and Legatum Ventures, operating through its parent company All Perspectives Ltd. The exact ownership percentages are not public, but both are major funders, and the channel has depended on them to cover substantial losses. If you want to understand the broader media landscape that Marshall is building, you can read about Who owns The Spectator?.
Frequently Asked Questions
Who funds GB News?
In addition to advertising revenue, GB News is funded by its owners Sir Paul Marshall and Legatum. The channel also launched a subscription service, GB News+, for additional revenue.
Does Nigel Farage own GB News?
No, Nigel Farage is a presenter on GB News and does not own any stake in the company.
Who owns GB News UK?
GB News UK is the same entity as GB News, owned by Sir Paul Marshall and Legatum via All Perspectives Ltd.
Is GB News biased?
Critics argue the channel has a right-wing bias, and Ofcom has found it in breach of impartiality rules on several occasions. The channel maintains it offers balanced commentary.
Is GB News owned by the same people as TalkTV?
No. TalkTV is owned by News UK, a subsidiary of Murdoch’s News Corp. GB News is owned by Marshall and Legatum.
How much money has GB News lost?
Reported losses include £30.7 million in 2021–22, £42.4 million in 2022–23, and £33.4 million in 2023–24. Cumulative losses exceed £117 million according to 2024 filings.
Where is GB News registered?
GB News Limited (company number 12859339) is registered at The Point, 37 North Wharf Road, London, W2 1AF.
Does GB News have a subscription service?
Yes, GB News+ launched in 2023, offering ad-free viewing and exclusive content for a monthly fee.
Who was the founder of GB News?
GB News was founded in 2020 by former BBC presenter Andrew Neil, with backing from Sir Paul Marshall and Legatum. Neil left the channel in 2021.
What is All Perspectives Ltd?
All Perspectives Ltd is the parent company of GB News Limited. It is the corporate vehicle through which Sir Paul Marshall and Legatum hold their ownership.
Henry William Morgan Harrison is a staff writer for NorwichWire.co.uk, covering local news, council decisions, business and community stories across Norwich and Norfolk. He works under Editor-in-Chief William Hargreaves and Managing Editor Clara Benson, following the newsroom standards for sourcing, verification and fact-checking set out in our editorial policies.