Early in 1880 the "Pall Mall" changed owners, and the new proprietor, Henry Yates Thompson, shifted editorial policy to supporting the Liberal Party. Greenwood at once resigned his editorship, but in May a new paper, the "St James's Gazette", was started for him by Mr Henry Hucks Gibbs (afterwards Lord Aldenham), and Greenwood proceeded to carry on in it the tradition which he had established in the "Pall Mall". At the "St James's" Greenwood remained for over eight years, continuing to exercise a marked influence upon political affairs, notably as a pungent critic of the Gladstone administration (1880–1885) and an independent supporter of Lord Salisbury. His connection with the paper ceased in August 1888, owing to disagreements with the new proprietor, Mr E Steinkopff, who had bought the "St James's" at Greenwood's own suggestion.