Billionaire John Catsimatidis offers to buy CNN, wants $1 per year

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A New York supermarket billionaire said he wants to buy CNN and that he just wants $1 per year for it

"I'd go run the place tomorrow morning, and all I'd want is $1 per year and a piece of the upside,"Catsimatidis did not share details of his potential offer, only saying that financing wouldn't be a problem."We could always bring partners in, but I want to run the place," he added.

"We are capable of putting down a substantial amount of money.", where he said:"You heard it first here. I'm going to make an offer to buy back CNN."In 2019, Catsimatidis bought 77 WABC, a conservative radio station, for $12.5 million, theThe 74-year-old mogul said Licht's ouster was a bad call given the

 

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