Media company Paramount Skydance (NASDAQ: PSKY) has named Bari Weiss as the editor-in-chief of CBS News as part of a deal to acquire the online news site she founded, The Free Press.
Paramount Skydance CEO David Ellison stated that Weiss will report to him directly, and that The Free Press will maintain its own independent brand and operations.
What a fantastic six months it’s been for Paramount. Shares of the company have skyrocketed 75.4%, hitting $19.05. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
President Trump will host a first-of-its-kind UFC fight on the White House South Lawn on June 14, his 80th birthday, with Conor McGregor confirming he will compete in the historic event.
Actor and filmmaker George Clooney pushed back on President Donald Trump's latest tariff threat on Friday, arguing that federal tax incentives — not penalties — are the real way to keep jobs in the American film industry.
Shares of multinational media and entertainment corporation Paramount (NASDAQ:PARA)
jumped 2.5% in the afternoon session after the company planned to acquire Bari Weiss's media platform, The Free Press, and appoint her as editor-in-chief of CBS News.
Donald Trump is reportedly in talks to appear on CBS' 60 Minutes just months after winning a $16 million settlement against the network's parent company, Paramount Skydance.
