Republican Rep. Ken Buck won’t seek re-election after eyeing CNN jobsaid his new investment firm could potentially bid for the all-news cable channel if parent company Warner Bros. Discovery puts it up for sale.
“I think it’s an incredibly important story … this is really the only time since I’ve left where I’ve regretted not being part of it,”RedBird IMI, a joint venture backed by RedBird Capital and Abu Dhabi-based private investment fund International Media Investments, tapped Zucker to lead the group as it seeks to acquire sports, media and entertainment assets.
But Zaslav’s decision to short-circuit the nascent CNN+ streaming service as well as layoffs at the network have fueled speculation that he could look to unload the once-dominant cable giant.Under Zaslav’s watch, CNN has been engulfed in turmoil. Following the ouster of Zucker, Zaslav installed former Stephen Colbert showrunner Chris Licht in his stead.
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Jeff Zucker Circling First Post-WarnerMedia Job Running Sports Investment Fund For RedBird CapitalJeff Zucker, who left WarnerMedia last February just before its merger with Discovery, is in discussions with RedBird Capital to lead a $1 billion sports investment fund backed by the private equit…
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