Discovery has provided about a third of the $81.7m closed by GB News as it prepares to launch its right-wing current affairs channel later this year.

UK-based new and current affairs broadcasting startup GB News has received £60m ($81.7m) in funding from investors including broadcaster Discovery, which committed £20m, Sky News reported yesterday.

The round also featured Legatum, the investment group that part funds right-wing think tank Legatum Institute, and hedge fund manager Paul Marshall, a major donor to the Leave campaign during the Brexit referendum.

Founded in 2019, GB News is preparing to launch a 24-hour television and digital news service later this year, and…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.