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-0.000537730776124647 0 -0.000537730776124647 -0.000358487184083098 0.00071697436816645 0.00107546155224955 0.00197167951245755 0.0021509231044991
Stock impact report

David Ellison Vows CNN Will Operate Independently as Paramount Buys Warner Bros.: ‘We Want to Be in the Truth Business' [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
With David Ellison's media company poised to snap up CNN's parent company, Warner Bros. Discovery, in a deal valued at $111 billion, staffers at the news cable outlet have expressed fears that the Trump-friendly ownership of Paramount Skydance will steer CNN's coverage toward a more conservative ideological bent. That's after Ellison installed Free Press founder Bari Weiss as head of CBS News, resulting in disruption within the ranks there. Weiss, who has criticized “woke” news coverage from many mainstream outlets, is expected to have a role in overseeing CNN once the Paramount-WBD deal closes. More from Variety Burning Questions for Paramount's Warner Bros. Deal: Who Does David Ellison Think He Is? What's Next for Netflix? Paramount Skydance Debt Downgraded to Junk Status by Fitch Ratings Following Warner Bros. Discovery Deal What Happens to HBO After Paramount Buys Warner Bros.? Ellison, in an interview Thursday on CNBC's “Squawk Box,” maintained that CNN will remain an Show less Read more
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