Here Is What Paramount Agreed to in Order to Settle Its Lawsuit with California, Including Limitations on CNN
The settlement requires five journalists to police fairness, bias and editorial independence for U.S.-intended news content.
- Paramount reached a settlement on Monday with 12 state attorneys general clearing its $110 billion acquisition of Warner Bros. Discovery, establishing an Editorial Independence Board to oversee CNN and CBS News.
- Connecticut Attorney General William Tong demanded full divestiture of CNN and CBS News, with negotiations intensifying after President Donald Trump barred CNN and other journalists from the White House on Friday.
- The five-member board must establish editorial principles within 180 days, while the settlement mandates $300 million in annual U.S. film production increases and at least 30 theatrical movie releases.
- Paramount CEO David Ellison expects the merger to close in approximately two weeks, though Massachusetts Democrat Sen. Elizabeth Warren criticized the agreement as an "anti-monopoly disaster" on Monday.
- Freedom of the Press Foundation's Seth Stern called the oversight board "worthless," while the settlement requires Paramount and Warner Bros. basic cable channels to negotiate separately with distributors for five years.
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14 Articles
Analysis-CNN, CBS News oversight board will be ‘toothless,’ experts warn
By Jaspreet Singh Sept 22 (Reuters) - David Ellison is set to take control of two of the biggest news organizations in the US after his Paramount Skydance completes its takeover of Warner Bros Discovery, giving him wide influence over the news media la...
Why distraught Bonta ‘caved across the board’ on Paramount, ‘he was close to tears’
Rob Bonta “caved across the board” yesterday when he settled with Paramount, sources close to the California AG are saying — and Bonta even seemed close to tears when he announced the deal.
Paramount Global Secures $1.5B Settlement with Investors, Adds Directors and Film Funding Guarantee
Paramount Global has secured a $1.5 billion settlement with a private-equity-led investor group, injecting capital, adding three independent directors, and guaranteeing dedicated funding for domestic theatrical films. The deal protects news editorial independence at CBS and CNN while enabling limited collaboration with Warner Bros. Discovery. It aims to stabilize the company amid streaming losses and declining linear TV revenue.
Connecticut AG Says State Wanted Paramount to Sell CNN, CBS News
Connecticut Attorney General William Tong said Monday that his state demanded Paramount fully divest CNN and CBS News as part of negotiations over the company’s $110 billion acquisition of Warner Bros. Discovery.
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Bias Distribution
- 45% of the sources lean Left, 44% of the sources are Center
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