This is exactly as expected. Larry Ellison now controls TikTok while his son David Ellison now controls Paramount/Skydance which is CBS. To solidify the objective of TikTok, new algorithms will be implemented, while to solidify the objective of CBS, Bari Weiss is hired as Editor-in-Chief of news. [Paramount Announcement]
The Trump administration assisted both the purchase of TikTok by Larry Ellison, and the acquisition of Paramount by David Ellison. CBS settled with President Trump for $16 million. Paramount then purchases/acquires Bari Weiss online site The Free Press and moves Weiss to editor of CBS news, while President Trump triggers a tariff against Hollywood production movies not made in the USA.
L Ellison (Oracle, TikTok), Musk (X, SpaceX), Thiel (Palantir), Sacks (Crypto), Karp (Palantir) and D Ellison (CBS) are all well positioned to fundamentally change the way information is processed for public consumption. CNN (Disney) is likely to be the final piece of the puzzle to be assembled.
David Ellison, Chairman and CEO of Paramount, a Skydance Corporation, said: “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.” (LINK)
(VIA NEW YORK TIMES) – […] In a move that is expected to shake up the broadcast news landscape, CBS’s owner, Paramount, said on Monday that it was buying The Free Press, an upstart digital news site founded just four years ago, and appointing Ms. Weiss, one of its founders, as the editor in chief of CBS News.
The purchase price was roughly $150 million in cash and Paramount stock, according to two people familiar with the terms who spoke on the condition of anonymity. The total amount will be paid out over time, and it may fluctuate depending on the price of Paramount’s stock.
The acquisition puts one of the country’s most traditional news institutions — the former home of Edward R. Murrow and Walter Cronkite — under the editorial guidance of a journalist who rose to fame in part by critiquing old-line media institutions that she deemed timid and untrustworthy. Ms. Weiss is also a stalwart champion of Israel, and her site frequently lambastes the perceived excesses of the so-called woke left.
Ms. Weiss, 41, has never run a TV network, and in her role will have influence over hundreds of producers, anchors and reporters around the world. She will report to David Ellison, Paramount’s chief executive, and work alongside Tom Cibrowski, the president of CBS News. (read more)
We are entering an entirely new era in information delivery.
