GB News investors have committed to a further £60 million capital injection to accelerate its growth, with existing backers Legatum Ventures Limited and Sir Paul Marshall having bought out Discovery Inc. Co-lead investor Sir Paul says:

“This is more than a financial investment. As investors we’re proud of what GB News doing for media plurality in the UK, bringing fresh perspectives to the national conversation on issues that matter to real Britain.”

GB News CEO Angelos Frangopoulos announced new appointments:

• Camilla Tominey joins in a new senior political presenting role, in addition to her existing position at the Telegraph.
• Andrew Pierce joins with his own show later this year, also continuing his senior editorial position at the Daily Mail
• Michael Portillo joins the channel’s political team and will launch his own new programme in the autumn

So far the GB News formula is beating the TalkTV formula for audience share. The financial backers seem happy…

Alan McCormick has been appointed chairman of GB News‘ parent company, All Perspectives Limited, according to an email announcement sent to staff by Angelos Frangopoulos. McCormick, a co-founder of Legatum, has been a director of APL since before the channel’s launch, and takes over from Sir Paul Marshall who stepped in as interim chair for six months last September. Sir Paul will remain on the board of the company and an investor in GB News. Frangopoulos calls him “a superb leader in every way”…