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Zucker in Deal Heat

The C.E.O. of RedBird IMI took a romp through London Town—holding court at the Berkeley, making bold declarations about editorial independence, meeting with associates, winning hearts and minds—to try to bring home the fund’s acquisition of The Telegraph.

Jeff Zucker speaks at the 2019 Mirror Awards at Cipriani 42nd Street on June 13, 2019 in New York City
During his trip to London, Zucker was attempting to assuage concerns ahead of what promises to be a tumultuous 48-hour period that may well decide the fate of The Telegraph and The Spectator. Photo: Mike Coppola/Getty Images
Dylan Byers
November 30, 2023

Earlier this week, on a brief but imperative trip to London, Jeff Zucker ventured a few blocks south of his elegant hotel in Knightsbridge to the Belgravia residence of Mike McTighe, the chairman overseeing Lloyds Banking Group’s sale of The Telegraph and The Spectator. As I wrote last week, Zucker, now the C.E.O. of Abu Dhabi-backed joint investment vehicle RedBird IMI, recently engineered a $1.4 billion debt-for-equity deal designed to give him control of both the highly influential Tory broadsheet and the prestigious conservative magazine.