From Spongebob to the Food Network, Here's What's Now Under the Skydance Umbrella
The deal keeps CNN and CBS editorially separate for now, with a new oversight board required within 180 days, officials said.
- On Tuesday, Skydance closed its $81 billion acquisition of Warner Bros. Discovery, uniting CNN and CBS under one corporate roof and creating a new media giant.
- A coalition of 12 states initially sued to block the merger, forcing a settlement requiring Skydance to establish a News Editorial Independence Board within 180 days.
- Court documents specify the board will include five 'active or retired' journalists with at least 10 years of experience; company directors will appoint members and retain oversight.
- CNN Editor-in-Chief Mark Thompson will lead the network, while Bari Weiss remains at CBS News. Thompson stated he has "real confidence" the company will support independent news principles.
- The merger concludes amid ongoing friction with President Donald Trump, who barred CNN from the White House last month, citing what he called "fake news" and unfavorable coverage.
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CNN now has a new owner. What will the future of the network be under
FILE - A journalist records video near a CNN sign on an athletic field outside the Clements Recreation Center where the CNN/New York Times will host the Democratic presidential primary debate at Otterbein University, Monday, Oct. 14, 2019, in Westerville, Ohio. (AP Photo/John Minchillo, File)
BREAKING: CNN Is Now OFFICIALLY Under Corporate Ownership of Trump Allies – 100PercentFedUp.com – by Isaac
CNN now sits inside a media empire controlled by the Ellison family and RedBird after Skydance closed its $81 billion Warner Bros. Discovery acquisition.
Karma comes to CNN as it officially lands under Trump ally’s corporate roof - The Daily Bo Snerdley
BS BULLETIN: Skydance officially completed its acquisition of Warner Bros. Discovery on Tuesday, bringing CNN and CBS News under the same corporate roof. David Ellison now leads the combined media giant, while his father, Oracle billionaire Larry Ellison, has longstanding ties to President Donald Trump. CNN boss Mark Thompson is staying put and says he has been assured the network will retain its editorial independence. CNN woke up Tuesday with …
Winnipeg Free Press
CNN now has a new owner. What will the future of the network be under Skydance?
CNN has a new owner: Skydance.
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