Former CNN president Jeff Zucker announced that he’ll be partnering with a sports investment fund that will launch with $1bn in committed capital.
Mr Zucker, who left WarnerMedia last February ahead of its merger with Discovery, will join RedBird Capital Partners and International Media Investments to launch RedBird IMI. The joint venture markets itself as being committed to “acquiring and investing in large scale media, entertainment and sports content properties on a global basis”, the Wall Street Journal first reported.
