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Jeff Zucker denies Variety report “he’s buying CNN”

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A report claimed that former CNN CEO Jeff Zucker attempted to persuade several high-profile billionaires to buy the embattled news network, but representatives for Zucker are denying the allegations.

The report suggested that Zucker approached individuals like Jeff Bezos, Laurene Powell Jobs, Alex Soros, and Roman Abramovich to fund a deal to take CNN private.

It was further claimed that Zucker sought legal assistance from the international law firm Clifford Chance for this endeavor. However, a spokesperson for Zucker strongly denied the report, stating that there were no meetings or discussions about buying CNN with anyone.

Variety’s report

Variety, the magazine that published the report, has stood by the story’s journalist, Tatiana Siegel, defending its investigative reporting.

Additionally, Zucker’s representatives denied another claim made by Variety that his private equity firm, RedBird, was planning to acquire CNN through a deal brokered by Pandion Partners. Zucker’s camp emphasized that he has no relationship with the firm and has never heard of it.

Zucker’s interest in acquiring CNN allegedly began after he was fired from the network in 2021 due to an undisclosed relationship with a former CNN executive.

The report suggested that he undermined his successor and engaged in actions detrimental to the network. Zucker’s representatives have vehemently criticized the report, accusing Variety of publishing false anecdotes and incidents that never occurred.

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

#featured

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Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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