Paramount Acquires Free Press for $150M, Names Bari Weiss CBS News Editor in Chief
Paramount has acquired the Free Press for $150 million, marking a significant move in the media landscape. Bari Weiss, co-founder of the Free Press, has been named CBS News' first-ever editor in chief, a role previously unheard of at the network.
The acquisition, involving both cash and stock, will see the Free Press continue as an independent brand, maintaining its podcasts and live events business. Weiss, who lacks experience in television or running a large-scale editorial operation like CBS News, will now shape editorial policies and lead innovation in news reporting and delivery.
Weiss's appointment is a departure from traditional roles at CBS News, which has over 1,000 employees. She will report directly to Paramount Chief Executive David Ellison. Weiss's past experience includes serving as an editor and columnist at The New York Times, but she has no history of leading a television newsroom, running foreign bureaus, or producing for TV news.
The acquisition of the Free Press by Paramount, along with Bari Weiss's appointment as CBS News' first editor in chief, signals a shift in the media industry. Despite her lack of television newsroom experience, Weiss's innovative approach and provocative style may bring fresh perspectives to CBS News. The integration of the Free Press as an independent brand within the network promises diversity in content and approach.
Read also:
- State Supreme Court Rules in Favor of Hogg Hummock Residents, Referendum on Zoning Change to Proceed
- Germany's Coalition Explores Social Security Reforms Amid Record Spending
- Hundreds of Steelworkers and Metalworkers Protest in Duisburg for 4% Pay Hike
- chaos unveiled on Clowning Street: week 63's antics from 'Two-Tier Keir' and his chaotic Labour Circus
