Canadian Billionaire Smith Acquires 26.9% Stake in The Economist Magazine
Canadian billionaire Stephen Smith made big news on March 17, 2026, when he agreed to buy a 26.9% stake in The Economist Magazine, one of the world’s most respected news outlets. This move surprised many readers and media watchers because The Economist has stood for independent, data‑driven journalism since its founding in 1843.
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