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Paramount's Ellison vows CNN editorial independence [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Paramount Skydance chief David Ellison sought Thursday to calm fears over the future of CNN, pledging to protect the news network's editorial independence as his company closes in on a landmark takeover of Warner Bros. Discovery. "CNN is an incredible brand with an incredible team, and we absolutely believe in the independence that needs to be maintained, obviously for those incredible journalists, and we want to support that going forward," Ellison told CNBC. The remarks came days after Netflix abruptly withdrew from a months-long bidding war for Warner Bros. Discovery, leaving Paramount as the apparent winner to acquire the media giant and its crown-jewel assets, including CNN, HBO and the Warner Bros. film studio. "Who we want to talk to is the 70 percent of Americans, and really around the world, that identify as centre-left or centre-right. And we want to be in the truth business. We want to be in the trust business. And that's not going to change," he added. With a purc Show less Read more
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