Veteran News Anchor Chris Wallace Joins RedBird Capital Partners

Veteran news anchor Chris Wallace has joined RedBird Capital Partners as a senior advisor, focusing on news and media investments.

This move follows his departure from CNN in November 2024, after his contract expired. The 77-year-old Wallace, the son of legendary “60 Minutes” journalist Mike Wallace, will work on the business side of RedBird, reporting directly to founder Gerry Cardinale. 

His role involves advising on strategy for RedBird’s media assets, such as The Daily Telegraph and Front Office Sports, with potential input into CBS News still to be determined. 

Chris Wallace

RedBird is a major investor in Skydance Media, which recently acquired Paramount Global, CBS’s parent company, in an $8 billion merger. Wallace has spoken several times with Skydance’s David Ellison, the new Paramount CEO, expressing his desire to assist in any way possible. 

He has publicly dismissed concerns about CBS News shifting politically under Ellison’s leadership, emphasizing Ellison’s commitment to maintaining the network’s journalistic integrity in the tradition of Walter Cronkite and Edward R. Murrow. Wallace’s extensive career spans CBS, NBC, ABC, Fox News (where he hosted Fox News Sunday for 18 years), and CNN, earning him three Emmy Awards and a Peabody Award. 

He has indicated that returning to on-camera roles is unlikely, finding a behind-the-scenes advisory role more compelling at this stage.