"Paramount Skydance Corp. is poised to buy the startup news outlet the Free Press and name its founder, journalist Bari Weiss, as the editor-in-chief of CBS News, according to people familiar with the matter. The role will allow Weiss to guide the editorial direction of a news organization whose programs include 60 Minutes and CBS News Sunday Morning. Founded in 1927, CBS News has been home to industry legends such as Walter Cronkite and Edward R. Murrow."
"Weiss will report directly to Paramount Chief Executive Officer David Ellison, according to the people familiar, who asked not to be identified discussing sensitive information. Terms of the sale weren't immediately known. The New York Times reported that the acquisition would value the Free Press at around $150 million. Paramount and the Free Press didn't respond to requests for comment."
Paramount Skydance Corp. is poised to acquire the startup news outlet the Free Press and appoint its founder Bari Weiss as editor-in-chief of CBS News, where she will guide editorial direction across flagship programs. Weiss will report directly to Paramount CEO David Ellison. The acquisition was valued at about $150 million. Ellison oversees a media group including MTV, Nickelodeon and Paramount's film studio after taking over the company in August. Federal regulators approved the takeover after management agreed to ensure programming reflects diverse viewpoints and named an ombudsman to monitor bias complaints. Weiss formerly worked at the Wall Street Journal and New York Times and left the Times in July 2020 amid allegations of workplace hostility and claims of unlawful discrimination.
Read at www.mercurynews.com
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