Former CNN executive Jeff Zucker is about to land a new gig | Latest news live

0

David Shankbone through CC 2.0

Former CNN chairman Jeff Zucker, who was ousted from WarnerMedia in February, appears close to a deal to ‘run a billion-dollar sports investment fund backed by private equity firm’ RedBird Capital, according to Deadline.

These reports have been around for a few days, first reported by The Ankler and later confirmed by outlets such as Deadline.

RedBird has a stake in Skydance, as well as the XFL. “The company has also partnered with Epic Games and Nike to invest in LeBron James’ SpringHill Media,” the report noted.

It’s not a foregone conclusion that the talks will lead to a formal agreement, and Deadline notes that the “conversations could fall apart.”

Zucker, as part of his job at WarnerMedia, oversaw Turner Sports.

Prior to his stint at CNN and WarnerMedia, Zucker was president and CEO of NBC, where he “aggressively championed NBC’s Olympic coverage over the years, sparing no expense on NBC’s well-stocked teams on the ground”, according to the pinner.

At TurnerSports, he brokered deals to expand relationships with Major League Baseball, the National Hockey League, the National Basketball Association and NCAA games, notes The Ankler.

His time at WarnerMedia and CNN came to an abrupt end in February when an internal investigation into Chris Cuomo’s ousting uncovered details of a consensual relationship between Zucker and a CNN colleague. This led to his exit from the company. Chris Licht took over as CEO of CNN in May.

News Breaking LIVE provides breaking news updates from around the world, as well as coverage of tops such as media, entertainment and technology. Follow us for the latest on NewsBreak.

Share.

Comments are closed.