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☆ Former CNN Boss Jeff Zucker in Talks to Join RedBird Capital
▼ + stars: | 2022-11-01 | by ( Jessica Toonkel | Miriam Gottfried | ) www.wsj.com time to read: 1 min

Jeff Zucker resigned from CNN in February after he failed to disclose a consensual relationship with a colleague. Former CNN President Jeff Zucker is in talks with private-equity firm RedBird Capital Partners to run a roughly $1 billion fund investing in sports and media, according to people familiar with the matter. The move would mark Mr. Zucker’s return to the business world since he resigned from CNN in February after he failed to disclose a consensual relationship with a colleague.

☆ CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming
▼ + stars: | 2022-10-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +13 min

Courtesy: CNNShifting from ZuckerPart of Licht's challenge as the new leader of CNN is he's not the old leader. There's also a hangover effect from the sudden collapse of CNN+, which Zucker pushed relentlessly as the future of the business. The comments heightened anxiety for many CNN staffers, according to six people who were at the company at the time. The changes should also bring workflow alignments to CNN digital and linear, which should help both entities' content and organization. CNN still hasn't named a chief digital officer, although the company's job posting now says it's filled.

☆ Trump used 'almost mob-style extortion' to try to convince AT&T to sell CNN to Rupert Murdoch, new book claims
▼ + stars: | 2022-09-17 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Trump and his aides tried to push AT&T's CEO to sell CNN to Rupert Murdoch, a new book claims. Stephenson, per the Independent's reporting, left the meeting with the feeling that Trump posed a threat to the AT&T and Time Warner merger. Per the Independent's reporting on the book, Murdoch offered to buy CNN from AT&T and remarked that it "would help get the deal done." According to the book, Stephenson said he was not interested in selling CNN. The book said AT&T executives viewed the calls as "almost mob-style extortion," according to the Independent.

☆ How Warner Bros. Discovery's reorganization, content cuts, and layoffs have shocked Hollywood and delighted Wall Street
▼ + stars: | 2022-08-04 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +5 min

Discovery formed in 2022, combining a rich array of properties from Warner Bros. to CNN. David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Discovery, with much cost-cutting behind it and growth ahead as it plans to launch a new streaming service. AT&T's WarnerMedia merged with Discovery in 2022 in a $43 billion deal, creating a content behemoth combining Warner's HBO, CNN, and famed Warner Bros. film studio with Discovery's lifestyle and reality fare. WBD shocked entertainment insiders by canceling high-profile projects like "Batgirl" and yanking episodes of shows including "Sesame Street" from HBO Max, and it has made other moves that concerned Hollywood creatives.

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