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

  • 📰 nypost
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

“Some day if it were available, like any other great asset, we would look at it,” Zucker, who spent nearly a decade at CNN after rising the corporate ranks at NBC, said.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in ZA

South Africa South Africa Latest News, South Africa South Africa 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 »