Paramount Skydance acquires The Free Press, terms undisclosed

The Free Press founder and editor Bari Weiss said, “We’re a news organization, so I’ll get right to it: This morning, The Free Press is joining Paramount. This move is a testament to many things: The Free Press team; the vision of Paramount’s new leaders; the luck of starting an independent media company at the right moment; and the courage of my colleagues to leave behind old worlds to build a new one. But, above all, it’s a testament to you, our subscribers. From day one, the promise-and the business proposition-of this publication was simple: We would marry the quality of the old world to the freedom of the new. We would seek the truth and tell it plainly. And we would treat readers like adults capable of making their own choices. So many people told us this was no longer possible. That the premise of a media company built on trust rather than partisanship was, at best, a relic from the past-and, at worst, a fantasy that never was. That the internet killed journalism. That there simply weren’t enough Americans out there in search of media driven by honesty, independence, and integrity. You proved them wrong. You demonstrated that there’s a market for honest journalism. And you’ve given us a mandate to pursue that mission from an even bigger platform. I’ll continue to lead this incredible community alongside my tireless team, remaining CEO and editor-in-chief. But I’ll be taking on another title, too. As of today, I am editor-in-chief of CBS News, working with new colleagues on the programs that have impacted American culture for generations-shows like 60 Minutes and Sunday Morning-and shaping how millions of Americans read, listen, watch, and, most importantly, understand the news in the 21st century.”