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Paramount Skydance has closed its approximately $110bn acquisition of Warner Bros Discovery, uniting CNN and CBS News under one owner. The deal, which combines HBO, CBS, Nickelodeon and other assets into the new Skydance Corporation, has drawn lawsuits, union challenges and warnings that editorial independence at the two news networks is at risk.
Paramount Skydance has closed its $110 billion merger with Warner Bros Discovery, creating a new company called Skydance that unites CNN and CBS News under one corporate roof. The deal, delayed by lawsuits from unions and 12 state attorneys general, was settled after the company agreed to an independent editorial board, though press freedom experts question whether that will protect editorial independence.
Paramount Skydance is considering selling CNN to help resolve an antitrust lawsuit filed by 12 states, led by California, against its $110 billion merger with Warner Bros. Discovery. The company's top lawyer confirmed the option amid political pressure, but critics argue the sale won't address broader concerns about the deal's impact on competition and journalism.
CNN has sued AI search engine Perplexity in New York federal court, alleging it illegally copied thousands of news articles, videos, and images to power its AI products. The news outlet seeks unspecified damages and an injunction, while Perplexity argues facts cannot be copyrighted. The case is part of a broader wave of copyright lawsuits by publishers against AI companies.
CNN's 'Project Freedom' media initiative has failed to meet its goals, according to internal sources. The project could not achieve expected performance indicators, forcing its closure. Experts say it underscores the difficulties traditional media face in the digital age.
Ted Turner, the media titan who changed news forever with the world's first 24-hour cable news channel, has died at 87. CNN confirmed his death Wednesday, with more details expected soon.
