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0 -0.000537056928034265 -0.00107411385606866 -0.000537056928034265 0.000716075904045941 0.00107411385606878 0.000895094880057362 0.000895094880057362
Stock impact report

Paramount CEO David Ellison says CNN's editorial independence ‘will be maintained' [CNN]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: CNN
Last week, Ellison emerged victorious in a months-long battle for Warner Bros Discovery after Netflix pulled out of the bidding process. Now, Paramount is working to win regulatory approval of the deal in the US and other markets. Appearing Thursday morning on CNBC for his first interview since the WBD deal was struck, Ellison did not address the potential for a merger of CNN with Paramount's CBS News division. CNBC's David Faber said there are “a lot of concerns, certainly when you put CNN and CBS — well, I don't want to say, put them together, but I wonder, is that kind of part of the plan in terms of newsgathering?” Then Faber also asked, “What do you tell employees of CNN at this point as they are concerned about their own future at that network?” “CNN is an incredible brand with an incredible team,” Ellison said, “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 Show less Read more
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