Spectator owner said to be planning to fund new generation of UK journalists

Multimillionaire Paul Marshall understood to be talking to senior figures in Britain's right-leaning media about the idea

The multimillionaire owner of the Spectator has met some of the most senior figures from Britain's right-leaning media to discuss a plan to fund a new generation of journalists, the Guardian understands.

Sir Paul Marshall, the hedge fund founder who has become an increasingly pivotal media player in recent years, is said to have discussed the idea at a private dinner held around the time of the Alliance for Responsible Citizenship (Arc) conference, a global gathering in London of conservative thinkers, politicians and businesspeople that he co-founded and supports.