JUST IN: Paramount Skydance Preparing to Buy CNN Parent Company In Major Media Consolidation, Report.
Paramount Skydance is planning to make a majority cash bid for CNN parent company Warner Bros. Discovery in an effort to consolidate the media giants, according to reporting in The Wall Street Journal on Thursday.
“The bid will be for the entire company, including its cable networks and movie studio,” people familiar with the situation told WSJ.
Skydance is run by David Ellison, son of multi-billionaire Larry Ellison who co-founded Oracle Corporation.
Earlier: CBS Taps Conservative Policy Veteran for New Ombudsman Role. “The new ownership of CBS News on Monday selected Kenneth R. Weinstein, a former chief executive of the Hudson Institute, a right-leaning policy think tank, to review complaints about its coverage in a new post as ombudsman at the network…Skydance’s founder, David Ellison, has pledged to revamp CBS News, which regularly lags ABC and NBC in the Nielsen ratings and recently endured a standoff with President Trump over accusations of editorial bias. Mr. Ellison is in talks to acquire The Free Press, an independent news outlet, and install its co-founder Bari Weiss in a senior editorial role at CBS News; last week, the network changed its rules for handling some political interviews after pressure from the Trump administration.”
UPDATE: Perhaps a conservative ombudsman would stop CBS from trying to run the same playbook they used to blame Sarah Palin and the Tea Party for the Gabrielle Giffords shooting in 2011:
They've done this forever. *Every* political position you take is by nature divisive. That's why politics exists. The modern left act like any deviation from its own orthodoxy is intolerable and offensive. https://t.co/yt3thFucyn
— David Harsanyi (@davidharsanyi) September 11, 2025