David Ellison's Skydance is acquiring Warner Bros. Discovery (including CNN) after Netflix exited the bidding. CNN staff worry about content changes, as Ellison, a Trump ally, reportedly promised modifications. Meanwhile, Trump's trust bought Netflix bonds, and he incurred new debt.
Bari Weiss, founder of The Free Press, may take a senior content role at CBS News after the Skydance Media/Paramount Global merger, causing internal concerns about journalistic independence. Weiss is known for testing left and right.
The FCC approved the $8.4B Paramount Global-Skydance Media merger, giving Skydance control over CBS, Paramount Pictures, Paramount+, MTV, Nickelodeon, and Comedy Central. Shari Redstone will receive $1.75B.
