What is Paramount's strategy for news brands like CNN?

Paramount plans to invest in news brands, transition them to streaming, and ensure their independence remains intact.

Will CNN and CBS News move to streaming?

Yes, Paramount aims to transition CNN and CBS News to streaming platforms, while maintaining broadcast and cable availability.

What did Paramount CEO David Ellison say about news independence?

David Ellison expressed strong belief in the independence of news brands and pledged support for their journalists.

Home / Business and Economy / Paramount CEO Eyes News Streaming Future

Paramount CEO Eyes News Streaming Future

5 Mar

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Summary

Paramount CEO expresses belief in news independence.
Deal aims to transition CNN and CBS News to streaming.
News brands will remain accessible on broadcast and cable.

Paramount CEO Eyes News Streaming Future

Paramount CEO David Ellison affirmed his company's commitment to maintaining the independence of respected news organizations. Speaking on CNBC on Thursday, Ellison described CNN as an incredible brand with a dedicated team, pledging support for its journalists moving forward.

Ellison highlighted plans for significant investment in the news sector, anticipating the current transaction will prove beneficial for both CBS News and CNN. The executive articulated a vision to transition these established news brands to streaming services, thereby expanding consumer choice.

This strategic move aims to meet audiences wherever they are, offering news consumption on broadcast, cable, and increasingly, streaming platforms. Ellison's remarks were in response to concerns from CNN employees regarding their future following Paramount's acquisition of Warner Bros. Discovery.

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