![]() "Any foreign bid for CNN would certainly necessitate an extended CFIUS review especially as more than 25% would likely be directly or indirectly funded (via UAE involvement in Zucker’s RedBird IMI investment fund) by the UAE – with RedBird having formalized plans for a JV with Abu Dhabi’s International Media Investments," Harrigan said.īut meanwhile, an idea to add live CNN programming to WBD's Max streaming service would help raise the appeal of the streamer, though it would call for heavily revised cable/satellite carriage agreements, he said. Zucker's purchase plans could be complicated in a political sense, though, by the heavy foreign investment, analyst Matthew Harrigan said. While there's no specific information, Zucker is said to be looking at a number of media assets, which could include CBS if Paramount ( PARA) ( PARAA) elected to sell the broadcast network (possibly as part of a plan to merge Paramount with NBC parent Comcast ( CMCSA)). Recent gossip points to the prospect that former CNN chief Jeff Zucker - ousted last year over an undisclosed employee relationship - would make a play for CNN via his RedBird IMI venture (a linking of RedBird Capital Partners and Abu Dhabi's International Media Investments). ![]() ![]() Discovery stock ( NASDAQ: WBD) on Monday's short trading session - and concluded that at the least, the chatter points to chronic undervaluation of the news organization. Benchmark has weighed in on CNN deal talk that at least seemed to move Warner Bros.
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