Jeff Zucker, a former CNN president, invests heavily in a sports business news startup called Front Office Sports
Since December 2022, previous CNN Overall president Jeff Zucker has been centered around driving media trading company RedBird IMI, a joint endeavor between U.S. confidential value firm RedBird Capital Accomplices and Dubai-based International Media Investment (IMI).
Zucker, who shocked the news business early last year by leaving CNN, has now made his initial significant venture through RedBird IMI: The games business pamphlet startup Front Office Sports.
Another pamphlet startup, Axios, had the scoop.
“The team at Front Office Sports has built an impressive platform for sports business journalism, and I’m excited to help it grow in the years ahead,” Zucker said in a statement. “Audiences are more interested than ever in the business of sports, and this investment will allow Front Office Sports to create even more compelling news content that draws people in.”
Zucker will join the FOS governing body as its co-seat.
With the Front Office Sports speculation, Zucker currently has a brand and stage through which he can create and permit new narratives and programming. Axios adds, refering to a source, that Front Office Sports will employ new on-camera ability.
The $1 billion speculation store additionally as of late declared the up and coming send off of an unscripted substance studio, which FOS will apparently be associated with.
Front Office Sports is a multi-stage sports business news association that was sent off in 2013 by then-College of Miami understudy Adam White, who remains its Chief.
“The business of sports has become ubiquitous in recent years, permeating across all corners of culture. It now commands mainstream attention and is part of even the most casual fan’s daily content consumption,” White added. “The foundation of our company was built on a deep understanding and connection to this shift, and has long informed our editorial strategy and product development. As we enter this next stage of expansion, we are incredibly excited to partner with Jeff Zucker, one of the media industry’s greatest minds.”
In 2022, the startup raised $5 million from Crain Correspondences at around a $25 million valuation. Most FOS items are free, however the organization started selling paid memberships in 2021, Axios reports.