New chairman of GB News Alan McCormick has said staff at the channel should feel “sincerely flattered” by the launch of Rupert Murdoch’s TalkTV.

McCormick was appointed chairman of GB News parent company All Perspectives Limited on Monday. He succeeds Sir Paul Marshall, a prominent hedge fund manager and investor in the channel who agreed to step into the position for six months after the departure of Andrew Neil.

McCormick (pictured) co-founded global investment firm Legatum, which is one of the lead investors in GB News alongside Warner Bros Discovery. He has been a director of All Perspectives Limited since before the channel’s launch.