The stake has been sold to existing backers Legatum Ventures Limited and Sir Paul Marshall
By Jenny Priestley
Published: August 18, 2022 Updated: August 22, 2022
The stake has been sold to existing backers Legatum Ventures Limited and Sir Paul Marshall
target=_blank title=Share on LinkedIn class=share-linkedin>
Warner Bros Discovery has sold its stake in GB News to existing backers Legatum Ventures Limited and Sir Paul Marshall.
Following the merger between Discovery and WarnerMedia earlier this year, our portfolio now includes several wholly owned news brands including CNN Worldwide, TVN Group in Poland and Newshub in New Zealand, said Warner Bros Discovery in a statement.
In light of this, and our continued evaluation of our global and local investment portfolio, we have exited our investment in GB News and are no longer shareholders.
GB News co-founders, Andrew Cole and Mark Schneider, have resigned as directors after Legatum and Marshall bought their shareholdings.
The broadcaster's executive officer Angelos Frangopoulos said: As our original investor, Discovery Inc. was first to see the importance of a new voice in British news broadcasting.
We're enormously grateful to Warner Bros Discovery for its support and wisdom throughout our start-up phase. We part as friends, and it's been great to work with them.
Frangopoulos added that the investment from Legatum Ventures and Marshall will see the broadcaster invest more deeply in a number of areas, including its technology and studio.
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
26/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
26/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
26/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
26/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
26/05/2026
Cobalt Digital to Showcase End-to-End IPMX Ecosystem at InfoComm 2026, Making ST 2110 Easy for Pro AV
blueCORE standalone processors headline solutions designe...
26/05/2026
Matrox Video today celebrates its 50th anniversary, marking five decades of innovation, engineering excellence, and customer-focused evolution from its headquar...
26/05/2026
ITV Studios, the production arm of the UKs largest commercial broadcaster, has deployed the Cuez live production platform to unify the management of three back-...
26/05/2026
CETA Software releases Morpheus, an AI tool for real-time post-production projec...
26/05/2026
In a move set to redefine motorsports coverage across the Asia Pacific region, Ikegami Electronics announces that Two Wheels Motor Racing Sdn Bhd (TWMR), a lead...
26/05/2026
Three new kids' digital series set to hatch from ACTF and Screen Australia i...
25/05/2026
The former University of Wyoming wrestler is essential in helping the rapidly growing streamer delivers more than 50,000 live events per year
The sports-produc...
25/05/2026
SBS announces exclusive TV broadcast schedule for FIFA World Cup 2026
21 May, 2026
Media releases
Luke Wilkshire, Tommy Oar, Andrew Redmayne, Sarah Walsh ...
25/05/2026
Image courtesy of GA-ASI...
25/05/2026
Conform.Tools Brings Order to Post-Production Delivery
Brie Clayton May 25, 2026
0 Comments
New platform helps colorists, editors, and conform artists...
25/05/2026
Chyron Announces Powerful Scorebug Solutions
Brie Clayton May 25, 2026
0 Comments
PRIME Scorebug Offers On Prem or Virtual Solution for Superior Score...
25/05/2026
Introducing OWC Stack AI - The World's First Thunderbolt 5 AI Accelerator an...
25/05/2026
Wooden Camera Releases New Accessories for Blackmagic URSA Cine Immersive
Brie Clayton May 25, 2026
0 Comments
Wooden Camera today announced the relea...
25/05/2026
The RT Concert Orchestra will celebrate the centenary of Hollywood icon Marilyn...
24/05/2026
Win Bob Moog Tribute Edition Minimoog Model D #001
The Bob Moog Foundation are currently running a fundraising raffle for a brand-new Bob Moog Tribute Editi...
24/05/2026
Documentary Meets Fashion with Matching 12K Sensors
Brie Clayton May 24, 2026
0 Comments
DP Troy Edige matches sensors across documentary and fashion ...
24/05/2026
Back to All News
Netflix reveals the trailer for the film The Marked Woman
Entertainment
24 May 2026
GlobalSpain
Link copied to clipboard
Watch the traile...
23/05/2026
In its second year as rightsholder, FOX Sports goes bigger across the board for ...
23/05/2026
Tonight's MLS matchup between the LA Galaxy and the Houston Dynamo FC will m...
23/05/2026
AI-powered vocal tool gains first new language expansion
IK Multimedia's AI-powered voice-creation software has seen a number of updates since it launch...
23/05/2026
Nielsen Global Leadership Network graduates celebrate Earth Day 2026
Nielsen vo...
23/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
22/05/2026
Germany's Magenta TV, which will have 44 exclusive FIFA World Cup match broa...
22/05/2026
DAZN, the world's leading sports entertainment platform, has acquired global broadcast rights to the International Federation of American Football's ( I...
22/05/2026
ATHLOS, the all-women's professional track and field league, has announced i...
22/05/2026
The National Academy of Television Arts & Sciences (NATAS) today announced that the 47th Annual Sports Emmy Awards and the 47th Annual News & Documentary Emmy A...
22/05/2026
Wooden Camera today announced the release of new accessories for the Blackmagic URSA Cine Immersive. The new lineup includes a redesigned Top Plate and Side Rai...
22/05/2026
YES Network and OTT Advisors have announced a sixth consecutive season of their streaming partnership, continuing their collaboration on the Gotham app. OTT Adv...
22/05/2026
NESN, New England's premier sports network, will again turn its camera to Fe...
22/05/2026
Dale Pro Audio is hosting an RF over Fiber Livestream Webinar on May 28 from 1-2:30 pm EST. With major sporting events and large-scale productions putting incre...
22/05/2026
Audio-Technica has announced key leadership appointments designed to further strengthen its sales organization and drive continued growth across the Americas. M...
22/05/2026
After nearly four decades shaping the global combat sports landscape, Scott Coker has announced a powerful return as he looks to build a new international mixed...
22/05/2026
Skyline Communications, the company behind the globally deployed DataMiner xOps platform, today announced the launch of xOps Vanguard Runway, a strategic accele...
22/05/2026
For the fully onsite production, 30 cameras - including a SkyCam and Megalodon - will capture the action in Texas
One of the world's biggest rodeo producti...
22/05/2026
Leading Argentina-based sports media company Torneos y Competencias S.A. has modernized its playout operations, implementing a fully redundant, multichannel env...
22/05/2026
As the 2026 Major League Pickleball season kicks off this weekend in Dallas, it ...
22/05/2026
Shure has become a minority investor in Edge Sound Research, a start-up company that is developing new experiential audio technologies that redefine how many au...
22/05/2026
In advance of this year's Sports Emmy Awards, SVG is taking a deep dive into...
22/05/2026
The National Hockey League (NHL) and Amazon Music announced that GRAMMY Award-winning superstar Jelly Roll will provide the official theme song of the 2026 Stan...
The stake has been sold to existing backers Legatum Ventures Limited and Sir Paul Marshall
