Subscribe to our LinkedIn so you don't miss important media news and analysis
Three more journalists were killed in Gaza over the weekend, including prominent Palestinian journalist and chairman of the Gaza Press House Belal Jadallah. He died in an Israeli strike, Reuters reports citing his relatives.
Overall, according to the Committee to Protect Journalists (CPJ), the Israel-Gaza war has taken an extremely high toll on journalists. As of November 21, the organisation’s preliminary estimates showed that at least 53 reporters and media workers have been killed since early October, when Hamas launched its terrorist attack on Israel.
Most of the casualties are local Palestinian journalists in Gaza, who became victims of Israeli air strikes, CPJ’s data shows. The organisation confirmed the deaths of 46 Palestinian, 4 Israeli, and 3 Lebanese journalists. 14 more journalists have been reported injured or missing.
The purchase of global Forbes led by billionaire Austin Russell was cancelled as Russel did not manage to secure financing needed for the deal by the extended deadline, Bloomberg reports.
The bid was valued at $800 million. “Russell was blindsided by Indian investment firm Sun Group and others who didn’t wire the money they were contractually obligated to send on the day the deal was supposed to close”, Axios notes.
Previously the investors came under scrutiny over their purported Russian ties; in October The Washington Post reported that Russian tycoon Magomed Musaev had privately bragged he was behind the purchase.
The current owners of Forbes will likely look for a new buyer. In late October Axios reported that at least one other buyer was preparing a rival bid.
American media executive Jeff Zucker, former head of CNN who was ousted last year and now leads investment fund Redbird IMI, is looking to close a deal to purchase The Telegraph and The Spectator, prominent British conservative newspapers.
The New York Times reports that, if the deal comes through, “Zucker does not plan to oversee day-to-day news coverage” of The Telegraph, focusing instead on the publisher’s business strategy and expanding its presence to the United States.
Yet, “the deal could still collapse, and regulatory hurdles await”, NYT warns, with British regulators and policymakers concerned about Zucker’s venture company being backed by Emirati money. Since the two newspapers were put for sale, there have been other buyers potentially interested in purchasing them, including Daily Mail publisher DMGT and Axel Springer.
Source of the cover photo: https://www.flickr.com, CC BY 2.0 DEED. On the cover photo — Jeff Zucker
Everything you need to know about European media market every week in your inbox
We are using cookies to give you the best experience on our website.
You can find out more about which cookies we are using or switch them off in settings.