Telegraph

FTI Consulting represents Telegraph Media Group and The Spectator as the British publications were put on the auction block after the owning Barclay family defaulted on a loan.

The sale process is currently on hold pending a Dec. 4 court date.

Jeff Zucker, former NBCUniversal CEO and CNN president, is among bidders for the conservative Daily Telegraph newspaper and Spectator magazine.

His Redbird private equity firm and an Abu Dhabi investment fund are offering $1.4B for the media outlets.

British politicos, though, have raised concerns over RedBird’s bid due to concerns about foreign ownership of the UK press. RedBird said it is committed to maintaining the independence of the Telegraph and Spectator.

FTI Consulting has John Waples, Rob Mindell, Mitch Barltrop and Tom Hufton working the deal.