Jeff Zucker Nears Deal to Control British News Outlets The Daily Telegraph and The Spectator

The former CNN president's venture, backed by an Abu Dhabi-based fund, could face a public interest probe ordered by Culture Secretary Lucy Frazer.

Jeff Zucker, former president of CNN, is nearing a deal to take control of two prominent British news outlets, The Daily Telegraph and The Spectator, with plans to potentially expand them into America.
The deal, backed by RedBird IMI, the media venture company Zucker founded, and a major Abu Dhabi-based investment fund, is not yet final and could face regulatory hurdles.
The Telegraph, a right-leaning London newspaper, and its sister publication, The Spectator, a conservative magazine, are considered influential in British conservative politics.
Zucker plans to focus on the business strategy and overseas expansion of The Telegraph, without relocating to London or overseeing day-to-day news coverage.
Culture Secretary Lucy Frazer is expected to order a public interest probe into the deal, following pressure from Conservative MPs and peers.