Chris Wallace, the veteranCBS News anchor, has joined RedBird Capital Partners as a senior adviser for news and media investments, marking a significant shift in his career from broadcast journalism to the financial sector. The move comes amid the ongoing transformation of CBS News, which is now under the ownership of Skydance, following its acquisition by the entertainment conglomerate.
Wallace’s role as a senior adviser at RedBird Capital Partners is expected to provide strategic insight into the firm’s media and news investments. The financial firm, which has a major stake in Skydance, has been increasingly involved in the media landscape, with its recent acquisition of CBS’s parent company Paramount.
Wallace’s transition to RedBird is part of a broader trend of media executives moving into strategic advisory roles, particularly as the industry undergoes significant changes due to digital transformation and shifting consumer preferences. His new position will likely involve advising on content strategy, media acquisitions, and potential future ventures within the broadcasting and entertainment sectors.