Breaking News | Jeff Zucker’s IMI Appoints Rani R. Raad as CEO

Former President of CNN Commercials Worldwide Rani R. Raad has been appointed CEO of Abu Dhabi-based media firm Worldwide Media Investments.

The corporate is an integral a part of the Redbird IMI three way partnership launched final 12 months by former CNN chief Jeff Zucker and Redbird Capital founder Redbird Gerry Cardinale.

Raad, who spent 25 years at Warner Bros. Discovery in numerous management positions earlier than becoming a member of CNN, will succeed Nort Bouran within the function of IMI CEO – who took up the place in March 2020.

Extra importantly, in July, Raad was appointed president and working accomplice at Redbird IMI, so her changing into CEO of IMI will additional strengthen her management within the three way partnership funding automobile, which is essentially concerned within the media, leisure and leisure trade. The sport focuses on the acquisition and funding of fabric properties. Center East and North Africa (MENA) area.

Since its launch, which was introduced in December 2022, Redbird IMI has constructed a portfolio of investments in Center East media manufacturers, every with a give attention to digital development, at present together with Abu Dhabi-based Information Papers embody The Nationwide, CNN Enterprise Arabic, Al Ain Information. and has pursuits in Sky Information Arabia and Euronews.

In an announcement, IMI outlined its ambition to be “the neatest and most revered media firm within the MENA area”, including that “Raad has been introduced on board to steer IMI and its operational property into the subsequent part of development. ” “With over 25 years of expertise within the area, he brings a wealthy mix of worldwide media experience, management expertise and a deep understanding of the evolving media panorama,” the assertion stated.

Along with his lengthy tenure at Warner Bros., Discovery Rad additionally served as a marketing consultant for AT&T within the Center East and helped construct CNN’s operations within the United Arab Emirates.

Raad commented: “Our ambition is evident: to make IMI a visionary world media powerhouse. We already personal and function among the strongest media properties within the area, together with each worldwide and native manufacturers. We now have the chance to reinforce these property, increase our viewers and function globally. The way in which the MENA area has developed through the years, now could be the correct time to play an even bigger function within the world media sector.