Broadcasting giant CBS hands editorial control to digital independent journalist The Free Press with 1.5M subscribers acquired for $150 million CBS News, legacy of Murrow and Cronkite, enters new era
Paramount has acquired independent digital media outlet The Free Press for approximately $150 million and appointed its co-founder Bari Weiss (41) as Editor-in-Chief of CBS News.
The deal marks an unprecedented shift in American broadcast journalism, as one of the nation's oldest and most prestigious news organizations—home to legends Edward R. Murrow and Walter Cronkite—places its editorial leadership in the hands of a digital journalist known for criticizing mainstream media.