Prior to that, he was based in Moscow where he oversaw a joint-venture newspaper collaboration with the Russian-language daily "Komsomolskaya Pravda," and worked as an editor at the newly-launched English-language "Moscow Times".
As the founder of HomeGain.com, an online real estate company which he sold to a joint venture of newspaper companies in 2005, and TurnHere, a production company that creates author videos for publishers, he has deep ties in the publishing world of New York.
Yet few in Britain who have followed Rupert Murdoch's career, which blossomed when he arrived from Australia and made his first venture into newspapering here with his purchase of The News of the World in 1969, are discounting his reputation for fighting back, and even turning the tables on his adversaries, when he is in a tight corner.
Wrigley wasn't the sole owner during the winless decades, as the Cub organization was touched by everything from bad real estate ventures to newspaper bankruptcies.
Mr. Armstrong is Mr. Dunkley's partner in a separate newspaper venture, The Phnom Penh Post in Cambodia.
Former Tory party treasurer Lord Ashcroft has emerged as a potential backer of David Montgomery's regional newspaper venture Local World.
He was only reappointed as managing director of Daily Mail & General Trust Metro in December, after resigning as the chief executive of David Montgomery's Local World regional newspaper venture.
Turnbull said he welcomed Schwartz's newspaper venture because he wanted to see more diversity, but some detractors had characterised the founder of the Saturday Paper as a rich property developer embarking on a vanity project.
The closure of News Corp's iPad newspaper venture The Daily in December symbolises the company's ongoing struggle to find the right blend of digital content desirable enough to attract significant numbers of subscribers.
"He expressed amazement that New Scotland Yard had supported this newspaper venture and felt that it was holding both his force and ours up to ridicule," according to the Met record of the call.
