Overview

• The companies did not disclose terms, though multiple outlets report a roughly $150 million purchase price for The Free Press.
• Paramount says Weiss will shape editorial priorities at CBS News and partner with President Tom Cibrowski while reporting to Ellison.
• The Free Press will remain an independent brand inside Paramount with about 1.5 million subscribers, including roughly 170,000 paid, and Weiss will continue to lead it.
• Inside CBS News, staff have expressed anxiety over potential editorial changes, and Deadline reports significant layoffs are planned later this year.
• The move comes after the Skydance–Paramount merger and related oversight steps, including appointing ombudsman Kenneth R. Weinstein and a $16 million settlement of a Trump lawsuit tied to a 60 Minutes segment.