Paramount CEO David Ellison called CNN “an incredible brand with an incredible team” and said, “we absolutely believe in the independence that needs to be maintained obviously for those incredible journalists, and we want to support that going forward.”
“We’re going to invest in the news business. And we think this transaction will be a positive for both CBS News and CNN,” he added during an interview on CNBC Thursday. He was responding to a question about employees of CNN being concerned about their future after Paramount clinched a deal to acquire Warner Bros. Discovery.
“CNN and CBS News are brands that we also really want to be a part of transitioning to streaming so that consumers have the choice. If they want to watch our incredible news brands on broadcast, they can do that. If they want to watch on cable, they can do that. But we also want to create a world to where if they want watch on streaming, they can do that, and where we can really meet consumers where they are,” he said.
More to come