Jeff Shell to Launch Linear TV-Focused Investment Vehicle
The new venture, which would be backed by RedBird Capital Partners, is eyeing a launch in the first or second quarter of 2027 The post Jeff Shell to Launch Linear TV-Focused Investment Vehicle appeared first on TheWrap .
Former NBCUniversal and Paramount Skydance executive Jeff Shell is set to launch a private investment vehicle focused on acquiring and managing linear television assets, according to a source. Shell's venture would acquire or invest in declining assets like cable TV networks, individual TV stations or station groups, aiming to use generated cash for adjacent businesses.
Shell is in discussions with Gerry Cardinale’s RedBird Capital Partners to fund the new venture, though the exact commitment amount remains unclear. The launch is anticipated in Q2 2027, following the expiration of Shell's noncompete with Paramount in April. RedBird and Skydance have invested a total of $6 billion in the combined company since Shell's departure from Paramount Skydance in April.
This comes after Shell was sued by R.J. Cipriani for alleged failure to pay for crisis communications services and leaking confidential information, which was later found to not constitute a securities law violation. Shell previously faced sexual harassment allegations from CNBC correspondent Hadley Gamble and later joined RedBird, which played a crucial role in Skydance’s major acquisitions.
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