Jeff Zucker says his company would consider buying CNN: 'Fantastic asset'

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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…
Source: DEADLINE - 🏆 109. / 63 Read more »