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NYC mogul John Catsimatidis offers to buy CNN — and run it for just $1 per year
Posted
June 8, 2023
Views
2,574
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June 8, 2023
2,574
53
14
2.60%
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1:21Now PlayingBillionaire John Catsimatidis teased that he aims to buy CNN from its corporate parent, Warner Bros. Discovery — and told The Post he’d “go run the place tomorrow morning and all I’d want is $1 per year.”
The New York supermarket mogul first said he’d bid on the beleaguered network during a Thursday morning appearance on 77 WABC’s “Sid & Friends in the Morning.”
In a subsequent interview with The Post, however, 74-year-old Catsimatidis wasn’t ready to share details, including how much he’d be willing to pony up.
“It’s up to the investment bankers to come up with the numbers,” Catsimatidis said, although he also signaled that he didn’t believe financing a bid would be a problem.
“We could always bring partners in, but I want to run the place,” he said. “We are capable of putting down a substantial amount of money.”
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