Axios - Paramount Skydance has acquired The Free Press, a digital media outlet founded by former New York Times writer and editor Bari Weiss, the companies said Monday.
As part of the deal, Weiss will take on the role of editor-in-chief at CBS News, which could dramatically shape how the storied newsroom covers major topics, including the Israel-Gaza war.
- She will remain CEO and editor-in-chief of The Free Press.
In an unusual twist, Weiss will be reporting directly to Paramount Skydance chairCEO David Ellison, not CBS News president and executive editor Tom Cibrowski or Paramount TV media chair George Cheeks...
While financial terms of the deal have not been disclosed, the stock and cash deal would value the outlet at roughly $150 million, a source confirmed to Axios.
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