Paramount-WBD Settlement Sets Up Editorial Independence Board For CNN And CBS News

Paramount settled antitrust lawsuits with 12 state attorneys general and the Writers Guild, clearing the path for its acquisition of Warner Bros. Discovery. As part of the deal, Paramount will invest $1.5 billion in domestic movies and establish an editorial independence board for CNN and CBS News to monitor management disputes. While Connecticut's AG unsuccessfully pushed for full divestiture, the Freedom of the Press Foundation criticized the settlement details as worthless regarding journalistic protection.