Former CNN Chief Jeff Zucker Invests in Front Office Sports

Former CNN chief Jeff Zucker is buying a minority stake in online publisher Front Office Sports, injecting capital that management will use to accelerate its expansion beyond a popular daily newsletter.

Zucker will serve as co-chairman of the board alongside Jason Stein, whose private equity firm SC Holdings was the company’s first investor. The deal values Front Office Sports at about $40 million, up from $25 million at the end of 2021, according to a person familiar with the terms who asked not to be identified discussing information that hasn’t been made public.