On Monday, October 6, 2025, Paramount Skydance announced the acquisition of The Free Press, a digital news platform founded by Bari Weiss. The deal was valued at $150 million in cash and stock, giving Paramount Skydance control of a site with 1.5 million subscribers, including 170,000 paid members. The acquisition expands Paramount Skydance’s news footprint and positions it to compete in the evolving media landscape.
As part of the transaction, Weiss was appointed editor‑in‑chief of CBS News, the company’s flagship broadcast news division. Weiss will oversee editorial strategy and lead efforts to deliver “balanced and fact‑based” reporting, according to the company’s statement. Her appointment signals a strategic shift toward a more independent, high‑profile news brand under Paramount Skydance’s umbrella.
The acquisition and leadership change were announced Monday, making it a newly disclosed event that directly impacts Paramount Skydance’s content and distribution strategy. The $150 million purchase represents a significant investment in digital news assets, and the appointment of a high‑profile editor‑in‑chief is expected to influence the company’s editorial direction and audience reach. These developments are material to investors as they expand the company’s media portfolio and potentially enhance its competitive position in the news market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.