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The Latest Breaking News from RedBird

The sale of the Telegraph is no trivial matter. A mainstream media further exploited by the right threatens us all

It’s more than just the Tory house bible. On multiple ethical and political grounds, Lisa Nandy must think hard before nodding any deal through, says Guardian columnist Jane Martinson

The Guardian - UK

Chris Wallace, the son of a ‘60 Minutes’ legend, is now advising CBS’s new owner

‘I am absolutely convinced that any talk about the new owners wanting to move CBS News in a particular political direction is absolutely mistaken,’ Chris Wallace told The New York Times on Friday.

The Independent UK

NGOs urge Nandy to halt sale of Telegraph over China links

Letter from rights groups says RedBird Capital’s proposed takeover threatens media pluralism and transparency

The Guardian - UK

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RedBird Capital’s $2 billion power play: Meet Gerry Cardinale, the private equity kingmaker behind the Paramount–Skydance deal

Private equity firms have been making moves in Hollywood for some time, but Redbird's stake in the Paramount deal is by far the largest to date.

Fortune

Someone Just Asked A Major Paramount Investor If CBS News Would Be Compromised As The Skydance Merger Finalizes And Colbert Gets The Axe

Paramount's top investor shared his thoughts.

Cinemablend

Telegraph sale poised to go ahead after Lords foreign ownership vote

Consortium led by RedBird Capital in line to buy group for £500m, in deal that would result in UAE retaining 15% stake

The Guardian - UK

MPs back foreign investors owning minority stakes in UK newspapers

Commons votes overwhelmingly in favour of a 15% cap as saga over RedBird IMI’s takeover inches closer to conclusion.

Evening Standard

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MPs call for inquiry into how RedBird Capital is funding £500m Telegraph deal

Exclusive: Cross-party group including peers warns of risk of ‘potential Chinese state influence’ in private equity firm

The Guardian - UK

US investment firm Redbird plans to buy Britain’s Telegraph newspaper

The Telegraph Group's previous owner, the Barclay family, is expected to use this sale to pay off significant existing debts.

Euronews

UK Newspaper The Telegraph Set For US Ownership

British right-wing newspaper The Telegraph has agreed a takeover by US investment group RedBird Capital Partners, ending a two-year saga marked by UK government intervention over press freedoms.

International Business Times

US investment firm Redbird agrees to buy Britain’s venerable Telegraph newspaper

A consortium led by U.S. investment firm Redbird Capital Partners has agreed to buy the publisher of Britain’s 170-year-old Daily Telegraph newspaper for about $674 million

The Independent UK

The Telegraph to be sold to US-led consortium in £500m deal

The Telegraph is to be bought by a consortium led by US investment firm RedBird Capital for around £500 million.

The National (Scotland)

Telegraph to be bought by US firm RedBird Capital for £500m

The deal was initially blocked by the government due to new regulations preventing foreign state ownership of the press

The Independent UK

Telegraph to be bought by US firm RedBird Capital for £500million

It comes more than a year after the Government blocked a takeover of the media business

Evening Standard

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The Guardian - UK

Consortium led by RedBird Capital agrees to buy Telegraph for £500m

Deal with US private equity company will end two years of uncertainty over future of titles

The Guardian - UK

Foreign states should not be co-owners of UK newspapers

The definition of an acceptable state stake should be zero if one is serious about protecting press freedom

The Guardian - UK

Decision on foreign state stakes in UK press could end Telegraph limbo

Cap of 15% could allow US firm RedBird Capital to finalise deal to buy titles after two years of uncertainty

The Guardian - UK

ITV share price leaps as ‘investors consider takeover bid’

CVC and France’s Groupe TF1 among potential suitors amid interest in Studios production arm, says report

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The National (Scotland)

Boris Johnson holds talks on becoming global editor-in-chief at The Telegraph

BORIS Johnson has been approached about taking up a new role as global editor-in-chief at The Telegraph, reports suggest.

The Guardian - UK

Battle resumes to take control of Telegraph – and the Tory soul

After year in ownerless limbo, Conservative party’s bible goes up for sale in second auction next week

Fortune

Private equity firms have $1.2 trillion to spend on NFL teams. Will the league finally let them?

The NFL may change its rules to let private equity firms purchase minority team stakes. Here’s a list of potential buyers.

Fortune

Meet Gerry Cardinale, the investor behind Skydance Media’s bid for Paramount

The RedBird Capital CEO honed his approach to IP at Goldman Sachs by building untraditional IP portfolio and via friend Bob Iger, CEO of Disney.

Fortune

Bob Iger schooled him on Disney's grand theory of IP. Now Gerry Cardinale is backing Skydance Media's $8 billion bid for Paramount Global

Cardinale's RedBird Capital Partners is an "IP monetization engine" that has partnered with celebrities from LeBron James to Ben Affleck. “I think he's focused on world domination,” says one collaborator.

International Business Times

Paramount, Skydance Reach Merger Agreement: Report

Once the deal is closed, two-thirds of Paramount would be co-owned by Skydance and RedBird.

TV Tech

Reports: Paramount Nears Agreement on Merger with Skydance

The two have agreed to the terms of a merger deal that could be announced in the next few days

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