David Ellison, the tech scion who will run the combined company, borrowed the name of his original entertainment company that reflects his love of aviation.
David Ellison is negotiating to keep CNN’s chief executive, Mark Thompson, in place without oversight from Bari Weiss, the CBS editor in chief, when the networks’ parent companies merge.
Ynon Kreiz is departing Mattel and will become co-chief executive, alongside David Ellison, when Paramount completes its acquisition of Warner Bros. Discovery.
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.