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Lord Ashcroft plans online media company

Deputy Chairman of the Conservative Party Lord Ashcroft will step down from his current position aft

After his resignation, he plans to build an online media company. Ashcroft already runs businesses in Belize and had bought a 25 per cent share in Total Politics, a Westminster magazine, in 2008.

Last year, he also bought controlling stakes in two political websites PoliticsHome and ConservativeHome.

Ashcroft was ranked 37th in the Sunday Times Rich List 2009.