Ellison seeks to retain CNN chief Thompson as Paramount-WBD merger nears close

Key points

• David Ellison is in early-stage talks to retain Mark Thompson as CNN's CEO after the Paramount-WBD merger closes.
• Thompson, whose contract expires in 2027, is seeking assurances that he will maintain control over CNN's journalism.
• CBS News editor-in-chief Bari Weiss is not expected to hold a managerial role at CNN, despite speculation about a combined news division.
• The merger, valued at $81 billion, is expected to close in October after a judge approved a legal settlement with 12 state attorneys general.
• CNN is projected to generate $1.8 billion in revenue for 2026, with expectations of $2.2 billion by 2030.

Background

The Paramount-WBD merger has been a major industry event, with CNN staff fearing editorial overhauls similar to those at CBS News. Recent developments include Kara Swisher's early contract termination and the appointment of Ynon Kreiz as co-CEO of the new entity. The merger's path was cleared by a settlement with state attorneys general, though skepticism remains regarding the effectiveness of the new editorial independence board.

How outlets are covering it

Deadline and The Wall Street Journal emphasize the negotiations between Ellison and Thompson, noting that no agreement has been reached yet. The New York Post highlights the exclusion of Bari Weiss from CNN leadership, citing sources that Ellison views her current role as too demanding. Barrett Media frames the situation as a strategic move to integrate CNN and CBS News, with Thompson's retention seen as a stabilizing factor. All sources agree that the merger's closure is imminent, but they differ on the immediate impact on CNN's editorial direction and the role of Weiss in the new structure.

Why it matters

The outcome of these negotiations will determine the editorial independence and operational structure of CNN under new ownership. The retention of Thompson could provide stability, while the exclusion of Weiss may signal a different approach to news integration. The merger's closure will also impact the broader media landscape, potentially reshaping the competitive dynamics between major news networks.

What to watch

The Paramount-WBD merger is expected to close in October, following the approval of a legal settlement. Negotiations between Ellison and Thompson are ongoing, with no agreement reached yet. The future of Bari Weiss at CBS News and her potential role in the combined news division remains uncertain. CNN's financial performance and editorial direction will be closely watched as the merger progresses.