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Lord Zucker’s M&A Do-Over & Trump Bankruptcy Options

News and notes on two intoxicating bankruptcy restructurings: Jeff Zucker’s latest gambit to claw the Telegraph and Spectator away from the Barclays, despite the punctilious British regulators; and Trump’s high-stakes lawn sale.

jeff zucker
By all appearances, the British Parliament is putting the kibosh on Jeff Zucker’s bid to take control of The Spectator and The Telegraph. Photo: Angela Weiss/AFP/Getty Images
William D. Cohan
March 20, 2024

By most objective measures, Jeff Zucker has had a pretty good run at RedBird IMI, his new private equity fund, following his exile from CNN. In the last year, since the formation of the partnership between himself, former Goldman banker Gerry Cardinale’s RedBird Capital, and Sheikh Mansour bin Zayed Al Nahyan, an Emirati royal, Zucker has committed some $1.6 billion to six deals, including an investment in Media Res, the Hollywood production studio founded by former HBO executive Michael Ellenberg, and it’s about to close a $1.45 billion deal for All3Media, the U.K. production company behind such hits as Fleabag and Squid Game: The Challenge.