Request: 3cfdfbec-48db-495b-846b-c3899c89ac32
Research cutoff: 8 October 2026
Target: GB News Limited (12859339), controlled through All Perspectives Ltd (12227760).1, 2, 3
This audit records economic/commercial evidence only. Presenters’ personal acts, guest views, ordinary interviewing, advertisements, owners’ unrelated businesses and generic platform availability are excluded.
Identity, ownership and authoritative-source screening
- [2026 registry] GB News Limited is an active UK private company, incorporated 4 September 2020, registered in London and classified under SIC 60200 television programming/broadcasting.1 Companies House records All Perspectives Ltd as its active PSC with 75% or more of shares and votes and director-appointment/removal rights; it does not state an exact 100% figure.2 Active directors are Angelos Frangopoulos and Marc Schipper.4
- [pre-2020; ongoing in 2026] All Perspectives Ltd was incorporated in the UK on 25 September 2019 and remains active.3 Its current PSC register records Sir Paul Marshall at more than 25% but not more than 50% of shares/votes, plus trust-control entries involving Philip Vassiliou, Richard Douglas and Christopher Chandler.5 Current directors are listed by Companies House.6
- [2023-2026 screening] GB News/All Perspectives were not identified as named corporate subjects in the reviewed 2023 OHCHR database material or A/HRC/59/23; the 2026 OHCHR presentation reports further unassessed submissions, so nonappearance is not treated as clearance.7, 8, 9 Cellcom Israel Ltd, the distributor through which GB News launched in Israel, is named in the 2023 OHCHR database with activity codes (e) and (g).7
Supply Chain & Sourcing Relationships
- Direct agricultural suppliers - [cutoff 8 Oct 2026]: no public evidence identified of GB News/All Perspectives procuring from Mehadrin, Hadiklaim, Galilee Export, Agrexco successors or another Israeli agricultural exporter; the target’s registered activity is broadcasting.1, 8
- Digital/production suppliers - [2026]: A GB News Junior Camera Operator listing required maintenance of “all LiveU units,” establishing operational LiveU use.10 LiveU’s June 2026 statement says its group operates through companies including Israel; its company page describes a global business majority-owned by Carlyle.11, 12 no public evidence identified the exact GB contracting entity, spend, unit count, manufacture origin or payment destination.
- Adtech - [2023-2026]: Outbrain’s 2023 case study records GB News implementing Outbrain Feed/Onyx and reports a 38% average RPM lift.13 Outbrain’s 2024 10-K places primary technology/development teams in Netanya; the successor Teads 2025 10-K still identifies Netanya as a principal development centre.14, 15 In February 2026 AOP reported that GB News had replaced its broader programmatic setup with in-house technology by end-2025; a current GB News programmatic vacancy does not name Outbrain/Teads.16, 17 The exact Outbrain end date is not established.
- Importer of record - [cutoff 8 Oct 2026]: no public evidence identified of an Israeli/regional GB News importer, joint venture or dedicated import entity; the public control structure is UK-based.1, 2, 3, 5
- Seasonal sourcing - [cutoff 8 Oct 2026]: no public evidence identified of recurring/seasonal Israeli produce procurement.1, 8
- Third-party distribution - [2025-2026]: GB News launched in Israel on Cellcom TV in September 2025, with iKOMG handling signal aggregation/feed adaptation/secure delivery/EPG/platform onboarding.18 iKOMG separately documented broader GB News MENA distribution in September 2025 and another GB News launch in India in April 2026.19, 20
Product Origin, Labeling & Regulatory Compliance
- Settlement-origin products - [cutoff 8 Oct 2026]: no public evidence identified of GB News selling/labelling physical goods as “Produce of Israel” or receiving a DEFRA/customs finding over settlement-origin goods.1, 8
- Intermediary settlement activity - [2023-Jan 2025]: The official 2023 OHCHR database lists Cellcom.7 Who Profits reports that Cellcom was contracted in January2023 for infrastructure planning, execution and relocation in named localities including Efrat, Beit El, Beitar Illit, Givat Zeev, Geva Binyamin, Maale Adumim, Maale Ephraim and Kiryat Arba.21 The underlying government attachment returned HTTP503 on independent retrieval and is unresolved as a separately verified primary document. Who Profits reports further settlement telecommunications infrastructure through January 2025; DBIO 2024 also includes Cellcom in its settlement-business company universe.21, 22
- Labeling compliance/policy - [cutoff 8 Oct 2026]: no public evidence identified of a GB News country-of-origin enforcement action or a corporate sourcing/labelling policy for occupied or contested territories.1, 8
Investment, Capital & Financial Exposure
- FDI/acquired identity - [2025-2026]: The Israeli-market entry identified was carriage via Cellcom TV, not a disclosed equity acquisition.18, 23 Acquired Israeli subsidiaries: no public evidence identified. No reviewed corporate record shows GB News/All Perspectives controlling an Israeli operating company, factory, data centre, logistics hub or real estate.1, 2, 3, 5
- R&D - [cutoff 8 Oct 2026]: no public evidence identified of a GB News/All Perspectives Israeli R&D centre, lab or accelerator.1, 3 Outbrain/Teads’s Netanya development facilities are supplier facilities, not GB News facilities.14, 15
- Parent/beneficial ownership - [2026]: All Perspectives is GB News’s active PSC entity at the ≥75% thresholds described above.2 Its PSC register identifies Paul Marshall and the trust-control entries noted above.5 Targeted searches did not establish a material direct personal/family-office Israeli operating-company investment attributable to GB News; unrelated businesses/client portfolios were excluded. Trust-control entries do not reveal every underlying beneficiary.5
- Portfolio/Financing the State - [cutoff 8 Oct 2026]: GB News is a broadcaster, not a financial-sector target.1 no public evidence identified of GB News/All Perspectives underwriting Israeli sovereign/war debt, selling Israel Bonds, holding a disclosed material Israel-focused portfolio, insuring Israeli state/military/settlement operations, or lending/trade-financing an Israeli defence prime/OHCHR-listed enterprise.1, 8
Operational Presence & Market Activity
- Physical footprint - [26-27 Sep 2025]: GB News launched in Israel through Cellcom TV; the Jerusalem Post reported nationwide availability and quoted CEO Angelos Frangopoulos describing it as part of the channel’s global rollout.18 Cellcom’s Q1 2025 report says it is Israeli-incorporated/domiciled and had about 273,000 TV subscribers at 31 March 2025.23 no public evidence identified a GB News office, studio, warehouse or support centre in Israel/occupied territories.1, 18
- Employment/tax - [cutoff 8 Oct 2026]: no public evidence identified of Israel-based GB News employees, Israeli tax residency/VAT registration or Preferred Technology Enterprise status.1, 18
- Market positioning - [2025-2026]: Frangopoulos described the Israel launch as part of GB News’s international rollout.18 no public evidence identified Israeli market share or Israel-specific GB News revenue. iKOMG’s April 2026 India announcement confirms the broader GB News-iKOMG relationship continued, but does not prove Cellcom carriage remained active on 8 October 2026.20
Corporate Structure & Foundational Ties
- Israeli-Nexus Floor checks - [2020-2026]: GB News was UK-incorporated in 2020 and All Perspectives UK-incorporated in 2019.1, 3 no public evidence identified an Israeli HQ/principal place of management, Israeli tax/PTE status, or Israeli-capital control in the current Companies House chain.1, 5, 18 The PSC trust entries are not a complete beneficiary look-through.5
- Headquarters/domicile - [2026]: GB News and All Perspectives are UK companies registered at The Point, 37 North Wharf Road, London W2 1AF; no dual/legacy Israeli headquarters was identified.1, 3
- State/institutional linkages - [2024-2026]: no public evidence identified Israeli state ownership, board appointment, direct Israeli government contract or Israeli critical-infrastructure designation for GB News/All Perspectives.1, 2, 4, 3, 5, 6 Israeli Financial News reported in September2024 that Cellcom had supplied cellular services to the IDF since2012 and won an IDF cellular tender worth more than NIS40million over three years for about40,000 permanent personnel.24 The issuer’s2024 annual report was found through live document retrieval but its direct endpoint repeatedly timed out during independent finalization, so no independently verified annual-report quotation is asserted here. These are Cellcom activities, not GB News military supply.
- Governance features - [cutoff 8 Oct 2026]: no public evidence identified an Israeli state golden share, charter right or other governance mechanism tying GB News/All Perspectives to the Israeli state.2, 5
Profit Repatriation & Economic Contribution
- Revenue attribution - [cutoff 8 Oct 2026]: no public evidence identified Israel-specific GB News revenue, Cellcom-carriage revenue or the agreement’s value/revenue-share terms.18
- Profit flows - [cutoff 8 Oct 2026]: no public evidence identified the direction/amount of profit flows between GB News/All Perspectives and Cellcom/iKOMG or profit repatriation into Israel.18, 19, 20
- Economic ecosystem role - [2025]: The launch evidence identifies GB News as a newly distributed foreign news channel; no public evidence identified it as an Israeli key employer, sector anchor, infrastructure provider or critical institution.18, 23
Mandatory cross-cutting checks
- Settlement nexus - [2023-2025]: Cellcom appears in the 2023 OHCHR database; Israeli government and civil-society sources document settlement infrastructure/services before the September 2025 GB News launch.7, 21, 22, 18 no public evidence identified that GB News carriage was specifically sold to settlement households, generated settlement-attributable revenue, or participated in Cellcom settlement infrastructure.
- Military/security intermediary - [2024-2025]: Israeli Financial News reports Cellcom’s IDF communications supply and the September2024 cellular tender at >NIS40million/three years/~40,000 personnel.24 GB News’s Cellcom distribution relationship began later.18 no public evidence identified GB News participation in that tender or military/security supply.
- Constructive-notice chronology - [2024-2026]: The ICJ advisory opinion was issued 19 July 2024 and ICC warrants for Benjamin Netanyahu and Yoav Gallant on 21 November 2024.25, 26 GB News’s Cellcom launch in September 2025 and documented LiveU use in 2026 occurred after those dates.18, 10, 11 This chronology does not establish GB News knowledge of or legal responsibility for the intermediaries’ separate conduct. The documented Outbrain relationship began in 2023; its precise end date remains unverified.13, 16, 17
Footnotes
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https://find-and-update.company-information.service.gov.uk/company/12859339 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17
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https://find-and-update.company-information.service.gov.uk/company/12859339/persons-with-significant-control ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7
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https://find-and-update.company-information.service.gov.uk/company/12227760 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8
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https://find-and-update.company-information.service.gov.uk/company/12859339/officers ↩ ↩2
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https://find-and-update.company-information.service.gov.uk/company/12227760/persons-with-significant-control ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9
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https://find-and-update.company-information.service.gov.uk/company/12227760/officers ↩ ↩2
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https://www.un.org/unispal/wp-content/uploads/2023/06/OHCHRDATABASEOPT_300630.pdf ↩ ↩2 ↩3 ↩4
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https://www.un.org/sexualviolenceinconflict/wp-content/uploads/2025/07/HRC-59-23.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6
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https://www.productionbase.co.uk/film-tv-jobs/junior-camera-operator-london-04.26.0247248 ↩ ↩2
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https://www.outbrain.com/blog/wp-content/uploads/2024/01/GB-2024.pdf?advertising-id=null&km_TopNav_contact=%2F&kme=Website_TopNav_click&optout= ↩ ↩2
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https://www.sec.gov/Archives/edgar/data/1454938/000145493825000020/outbrain-20241231.htm ↩ ↩2
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https://www.sec.gov/Archives/edgar/data/1454938/000145493826000015/tead-20251231.htm ↩ ↩2
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https://www.ukaop.org/digital-publishing-awards/news/digital-publishings-pioneers-a-non-exhaustive-list ↩ ↩2
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https://careers.gbnews.com/jobs/7492072-programmatic-executive ↩ ↩2
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https://www.jpost.com/business-and-innovation/article-868699 ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13
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https://ikomg.com/iko-media-group-expands-gb-news-24-7-reach-across-mena-with-fastonsat/ ↩ ↩2
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https://dontbuyintooccupation.org/wp-content/uploads/2024/11/2024_DBIO-IV-report.pdf ↩ ↩2
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https://mayafiles.tase.co.il/rpdf/1665001-1666000/P1665855-00.pdf ↩ ↩2 ↩3
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https://www.ifi.today/news/972-Cellcom-won-the-IDFs-mobile-phone-tender-in-the-amount-of-NIS-40-million-for-three-years.html ↩ ↩2
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https://www.un.org/unispal/document/advisory-opinion-icj-19jul24/ ↩
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https://www.icc-cpi.int/news/situation-state-palestine-icc-pre-trial-chamber-i-rejects-state-israels-challenges ↩