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Paramount Nears Deal to Buy Bari Weiss’s Free Press, With CBS News Role Reported

The reported acquisition follows a merger that imposed an ombudsman at CBS News under FCC conditions.

Overview

  • Puck reports the negotiations are in their final stages, with one source calling the agreement "on the 1-yard line."
  • Weiss is reportedly in line for a senior editorial position guiding CBS News’ direction if the deal closes.
  • Estimated purchase price for The Free Press ranges from about $100 million to $200 million, according to multiple reports.
  • Paramount declined to comment on the talks and Weiss has not publicly responded to the reports.
  • Coverage highlights internal concerns at CBS News, with some reporting that resignations are expected, as well as questions about The Free Press’s roughly $15 million subscription revenue and reliance on Substack.