Jeff Zucker’s RedBird dumping Telegraph newspaper after UK probe
Abu Dhabi-backed Red Bird IMI said on Tuesday it would sell The Telegraph after canceling its bid to buy the right-wing newspaper group after government intervention made the deal “no longer viable”. In December, Redbird IMI repaid debts owed by its then owners, the Barclay family, to Lloyds Bank, including a £600 million ($753 million) […]
UK to ban foreign states from owning newspapers in blow to Jeff Zucker’s bid for Telegraph: source
Britain plans to amend laws to ban foreign ownership, influence and control of British newspapers, people familiar with the plans said on Wednesday, a move reported by Abu Dhabi-backed Red Bird IMI to The Telegraph. could threaten an acquisition by The government plans to outline its own amendments, which would give ministers the power to […]
News Corp eyes joint Telegraph bid with Daily Mail, Jeff Zucker’s RedBird: report
News Corp and the owner of the Daily Mail have held talks about a possible joint acquisition of the Telegraph with UAE-backed investment fund Redbird IMI. Bloomberg News reported This was disclosed on Monday, citing a person familiar with the matter. According to reports, Jeff Zucker’s Redbird IMI’s investment would be reduced if the three […]
Sports Illustrated draws interest from 2 more bidders — including Jeff Zucker’s Front Office Sports: sources
The Post reports that Sports Illustrated’s publishing license has attracted interest from at least two new bidders, including the Jeff Zucker-backed news site Front Office Sports. . In addition to Front Office Sports, which is minority-owned by former CNN president’s media specialist acquisition firm Redbird IMI Management, Sports Illustrated publishing rights are owned by The […]