Paramount announces acquisition of The Free Press
(CBS, KYMA) - Paramount, a Skydance Corporation, announced Monday they acquired The Free Press, which is a "leading independent subscription media company."
According to a press release, the acquisition is said to bring together CBS News' scale and reach with The Free Press' "culture-shaping voice and innovative spirit, united in the pursuit of setting a new standard for trusted journalism in America."
The press release also said Bari Weiss, The Free Press' co-founder and CEO, will join CBS News as editor-in-chief.
"We are thrilled to welcome Bari and The Free Press to Paramount and CBS News. Bari is a proven champion of independent, principled journalism, and I am confident her entrepreneurial drive and editorial vision will invigorate CBS News. This move is part of Paramount's bigger vision to modernize content and the way it connects – directly and passionately – to audiences around the world.
This is an important initiative for our company and Bari will report directly to me – leading the work of The Free Press and collaborating with our CBS News team in the pursuit of making it the most trusted name in news. We believe the majority of the country longs for news that is balanced and fact-based, and we want CBS to be their home."
David Ellison, Chairman and CEO of Paramount
"This is a great moment for The Free Press. This partnership allows our ethos of fearless, independent journalism to reach an enormous, diverse, and influential audience. We honor the extraordinary legacy of CBS News by committing ourselves to a singular mission: Building the most trusted news organization of the 21st Century," Weiss expressed.
To learn more about the acquisition, click here.
