Market Chatter: Paramount to Name Bari Weiss Top Editor at CBS News, Buy Newsletter for $150 Million

MT Newswires Live

Oct 03

Paramount Skydance (PSKY) is expected to announce a deal to buy conservative-leaning journalist Bari Weiss' The Free Press newsletter and name her as editor-in-chief of CBS News as early as Monday, The New York Times reported Friday, citing three people familiar with the matter.

The avowedly pro-Israel, right-leaning 41-year-old journalist is selling her newsletter for around $150 million in cash and stock paid out over time, the Times reported, citing two people familiar with the deal.

Paramount did not immediately reply to MT Newswires' request for comment.

Shares of the company were up 1.2% in recent premarket activity Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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