Posted on 11/21/2023 1:37:34 PM PST by Olog-hai
Failed CNN boss Jeff Zucker still wants to stay in the media game. To that end he is leading an offer to buy the bankrupt British publishing group behind the Daily Telegraph newspaper and Spectator magazine.
The New York Post reports Zucker, the chief executive of Abu Dhabi-backed investment group RedBird IMI, is ready to pitch $750 million to the Barclay family that would allow them to repay their nearly $1.4 billion debt to Lloyds Banking Group.
RedBird, a venture capital firm that has $1 billion in capital, would then have an option to convert the loan secured against the mainstay conservative publications into equity, Financial Times reported on Monday.
Lloyds seized the publications in June from the the Barclay brothers — Sir David and Sir Frederick — who bought the titles from Canada’s Conrad Black in 2004 for $1.3 billion. If Lloyds agrees to the proposal, the deal will mark the end of the Barclay family ownership of the Telegraph, a conservative broadsheet founded in 1855, and the Spectator, which has been published weekly since 1828. …
(Excerpt) Read more at breitbart.com ...
“Zucker, the chief executive of Abu Dhabi-backed investment group”
Jeff Zucker had a personal grudge against Bill Cosby. Night after night, they wouldn’t shut up about Cosby. They would also do a one-sided expose, and not a single accuser was vetted. Suddenly, it all makes sense now why CNN led the charge.
Probably the tip of the iceberg for Zucker’s monstrosities.
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