Looks like there is still some money left over for £300 million Mike Danson, despite all the cash loaned to the New Statesman interest free and with no repayment date. Sky’s Mark Kleinman reports that Danson is in talks for a deal with a potential new sister publication for the Staggers: Boat International, “the world’s leading publisher in the super yacht industry”.

Progressive Media Group’s latest venture would see them offering advice on such progressive issues as “Should you organise megayacht finance as an individual or through an offshore corporate structure?” Looking forward to their next Christmas party on a boat off the Caymans…