US EditionCanada Mortgage Billionaire Buys Stake in The Economist Magazine
Stephen Smith acquires 26.7% stake in The Economist from Lynn Forester de Rothschild, joining influential shareholders while preserving editorial independence, The Economist has 1.25 million subscribers.
- Lynn Forester de Rothschild sold her 26.9% stake in The Economist to Canadian billionaire Stephen Smith, whose net worth is $7 billion, marking the biggest ownership change since 2015.
- Stephen Smith acquired the near 27% stake through his family holding company, Smith Financial Group.
- The Economist reported £369 million in revenue and £48 million profit for the year ending March 2025, with subscribers rising 3% to 1.25 million.
- The Economist is undergoing changes including a shift towards personality-led journalism and expanded video content, while maintaining editorial independence under its trustees.
29 Articles
29 Articles
Stephen Smith, a Canadian billionaire, will enter the property of the group behind the British medium The Economist and replacing the Rothschild family, which is now led by Lynn Forester.According to Bloomberg, Smith and his family holding, Smith Financial Corp., they will purchase 26.6% of the Rothschild family, his family and his family foundation, at Economist Group. Smith has a $6.9 billion estate, according to Forbes. A fortune that was cre…
Financial services magnate Stephen Smith bought the shares of the Rothschild family.
El Periódico
Canadian billionaire Stephen Smith, through the Smith Financial Fund, has acquired 26.9% of The Economist Group, to which the British weekly 'The Economist' belongs, from the Rothschild family, without having for the moment transcended the amount of the operation, as confirmed by a spokesman for The Economist Group to Europe Press. Smith Financial Corporation will pass
The acquisition marks the first change in leadership at the prestigious magazine's publisher in a decade; it is Stephen Smith's first major investment in the media sector.
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Bias Distribution
- 46% of the sources lean Right
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