fromSlate Magazine
1 week agoCBS Is About to Hand Over Its Newsroom to an Anti-Woke Crusader. You Should Be Worried.
On Monday morning, the Wall Street Journal confirmed that the Paramount-Skydance behemoth, headed by tech scion David Ellison, had acquired Weiss' Substack-based publication the Free Press for a $150 million valuation, about 10 times the revenue the platform brought in last year. The "anti-woke" newsletter will now join the suite of brand-name properties under the merged-media umbrella, including BET and MTV, while Weiss herself will become editor in chief of CBS News-which is about to lay off 10 percent of its very worried staff.
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