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Stock impact report

‘60 Minutes' criticizes Paramount on air after its longtime producer quits [CNN]

Paramount Global - Class A (PARAA) 
Company Research Source: CNN
In an extraordinarily blunt final segment of the news magazine show, Pelley revealed that CBS' parent company Paramount “began to supervise our content in new ways” as it tries to compete a merger with Skydance Media, with Pelley adding that Owens “felt he had lost the independence that honest journalism requires.” Owens announced last week he was leaving “60 Minutes” after 24 years with the program and 37 years at CBS News. No replacement was immediately named. Pelley said that topics the show has pursued in its roughly 60-year history are “often controversial,” noting recent stories have included Israel's war with Hamas in Gaza and the Trump administration. “Bill made sure they were accurate and fair,” Pelley said. “He was tough that way, but our parent company Paramount is trying to complete a merger. The Trump administration must approve it.” Ad Feedback Bill Owens, executive producer of 60 Minutes, resigns He added: “None of our stories has been blocked, but Bill fel Show less Read more
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