The deal would remove the last significant hurdle the media mogul David Ellison faced to create a news and entertainment empire, home to movie studios, HBO, CBS and CNN.
Paramount said the deal was necessary, in part, to create a counterweight to increasingly powerful tech companies like Netflix that were muscling in on Hollywood.
In a joint statement, CNN, MS NOW and Politico argued that President Trump’s decision to bar them from the White House grounds violates their First Amendment rights.
The move was an escalation of President Trump’s showdown with the White House press corps after he moved to bar journalists from CNN, MS NOW and Politico.
Seeking to settle a lawsuit with 12 states, Paramount has discussed measures to protect the editorial independence of CNN and the divestiture of Comedy Central.
Login
