Former CNN President and RedBird IMI CEO Jeff Zucker discussed the disruption of media and the transition to streaming during a recent interview. Zucker acknowledged that it is a difficult time for all media companies, except for Netflix. He emphasized that great content, great information, and great sports will always win out, and the question is how it's distributed. Zucker also mentioned that CNN's streaming transition will affect the company's bottom line in the short run. He further stated that CNN is a fantastic asset that they would consider buying in the event of a sale. Despite the rise of streaming, Zucker believes that cable is still powerful.
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Jeff Zucker Entertains Possibility of Buying 'Fantastic Asset' CNN https://t.co/EHUxTGVBGH
Jeff Zucker: CNN "a fantastic asset" that "we would look at" in event of a sale https://t.co/Q7iCyTsdBK https://t.co/ZziojShT1S
Jeff Zucker Says CNN’s Streaming Transition Will ‘Affect the Bottom Line in the Short Run’ https://t.co/j54y5r40yr
Jeff Zucker Says CNN's Streaming Transition Will ‘Affect the Bottom Line in the Short Run’ https://t.co/j54y5r4ynZ
"It's a difficult time for all media companies ... if you're not named Netflix," says former CNN President and RedBird IMI CEO Jeff Zucker on the disruption of media. "Great content, great information, great sports will always win out. How it's distributed is the question." https://t.co/ymhVCseYDQ
Jeff Zucker talking CNN right now @YahooFinance https://t.co/FaOScXSeYN https://t.co/XNxUdABWGz