CNN Now Has a New Owner. What Will the Future of the Network Be Under Skydance?
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, placing CNN and CBS under one corporate roof and creating a media giant spanning film, television, and news operations.
- A coalition of 12 states initially sued to block the merger, forcing a settlement requiring Skydance to form a 'News Editorial Independence Board' within 180 days to monitor coverage at both networks.
- 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 of operations.
- CNN Editor-in-Chief Mark Thompson will remain to lead the network, while Bari Weiss continues at CBS News. Thompson stated he has "real confidence" Skydance leaders will support independent journalism principles.
- The merger concludes amid ongoing friction with President Donald Trump, who recently barred CNN from the White House, citing what he called "fake news" and unfavorable coverage.
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CNN’s Moment of Truth
With Paramount and Warner Bros. Discovery finally unified and Skydance Media now engorged with some $80 billion in debt and a self-imposed mandate to uncover $6 billion in synergies, the moment of truth has arrived for CNN C.E.O. Mark Thompson and C.O.O. Alex MacCallum to start delivering on their long-promised digital transformation. It won’t be […] The post CNN’s Moment of Truth appeared first on Puck.
CNN and CBS share parent company following Warner Bros. acquisition, while political connections and editorial safeguards draw scrutiny
The American news channel CNN has long been one of Donald Trump's main objects of hatred. Now it is being taken over by David Ellison, whose family has close ties to the president. The question raised by the deal is as simple as it is unpleasant: how independent can a news channel be when its owners are so close to the power that is to be scrutinized?
A large American film company, Paramount, which is part of a larger Skydance company, has concluded a contract for Warner Bros. Discovery. The contract is worth $81 billion. This is reported by Associated Press. This is a major merger.
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