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CNN Now Has a New Owner. What Will the Future of the Network Be Under Skydance?

The deal keeps CNN and CBS editorially separate for now, with a new oversight board required within 180 days, officials said.

  • On Tuesday, Skydance closed its $81 billion acquisition of Warner Bros. Discovery, placing CNN and CBS under one corporate roof and creating a media giant spanning film, television, and news operations.
  • A coalition of 12 states initially sued to block the merger, forcing a settlement requiring Skydance to form a 'News Editorial Independence Board' within 180 days to monitor coverage at both networks.
  • Court documents specify the board will include five 'active or retired' journalists with at least 10 years of experience; company directors will appoint members and retain oversight of operations.
  • CNN Editor-in-Chief Mark Thompson will remain to lead the network, while Bari Weiss continues at CBS News. Thompson stated he has "real confidence" Skydance leaders will support independent journalism principles.
  • The merger concludes amid ongoing friction with President Donald Trump, who recently barred CNN from the White House, citing what he called "fake news" and unfavorable coverage.
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From Spongebob to the Food Network, here's what's now under the Skydance umbrella

Skydance-owned Paramount closed its $81 billion takeover of Warner Bros. on Tuesday.

·Sacramento, United States
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The Daily Wire broke the news in Nashville, United States on Tuesday, October 6, 2026.
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