Acquisition would bring CNN under same corporate owner as CBS News
Paramount, which owns CBS News, has agreed to buy Warner Bros. Discovery — CNN’s parent — for $81 billion, the people familiar with the situation said. The acquisition would bring CNN under the same corporate umbrella as CBS News.
The safeguards under discussion include an editorial board for CNN and other, unspecified measures intended to ease concerns about the news operation’s independence, according to the people familiar. The broader internal talks about establishing an oversight committee for news have surfaced as Paramount has prepared for the deal’s closing, the people said.
The Wall Street Journal reported the account in its Morning Risk Report newsletter.