00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Paramount Skydance has appointed Barry Weiss as editor-in-chief of CBS News
00:06as part of its acquisition of her online news outlet, The Free Press.
00:09Reuters reported that The Free Press was valued at $150 million,
00:12though the deal's financial terms were not disclosed.
00:15Weiss will report directly to CEO David Allison
00:17and help shape CBS News' editorial strategy
00:20while The Free Press maintains independent operations.
00:23Founded in 2021 with 1.5 million subscribers,
00:26The Free Press will remain independent
00:27as Weiss brings a moderate approach to CBS News.
00:31Weiss, a former contributor to The New York Times
00:32and The Wall Street Journal,
00:34is known for diverse viewpoints and high-profile connections.
00:37Her appointment comes as CBS News undergoes major changes,
00:40including reported talks with the White House
00:42for an interview with Trump following his campaign's
00:44$16 million settlement with Paramount's parent company.
00:47For all things money, visit Benzinga.com.
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