CNN Chairman and Chief Executive Mark Thompson could remain in his role at the news network after Paramount completes its deal to acquire the news network’s parent company, Warner Bros. Discovery.
Thompson, 69, is said to be in early stages of a discussions with Paramount Skydance Chief Executive David Ellison about continuing in the job he has held since April 2023, according to two people familiar with the matter who were not authorized to discuss it publicly.
The Wall Street Journal was first to report Thursday that Thompson has been approached by Ellison about staying with the network. A representative for Paramount declined comment.
Retaining Thompson in his role would provide short-term relief to CNN staffers who are concerned about the change in ownership. As Paramount pursued its $111 million deal to acquire Warner Bros, Discovery — which is moving forward following a judge’s decision to settle an antitrust suit filed by state attorneys general who wanted to block the deal — the Ellison family have reportedly had discussions with President Trump about altering the network’s coverage, which he has often deemed as unfair.
As part of the settlement, Paramount agreed to the formation of an editorial oversight board that will monitor adherence to editorial independence from its owners and shareholders. The editorial board is part of an agreement to end the states’ antitrust fight that threatened to delay the completion of the deal for months.
Keeping Thompson at CNN raises questions of how CBS News Editor-in-chief Bari Weiss will be integrated into the new company.
Weiss, who joined the storied news division after Paramount acquired her contrarian digital news site the Free Press last year, has made major changes at “CBS Evening News”and the top rated newsmagazine “60 Minutes,”with no audience gains to show for it.
CNN insiders have been skeptical over how Weiss could take over the vastly larger and more profitable news organization based on her CBS track record so far.
CNN and CBS News are expected to consolidate some of their operations, such as its overseas bureaus. But there are obstacles to a rapid consolidation, as many CBS News employees work under union contracts. Most of CNN is not unionized.
But if Thompson remains, its likely he we will have the task of reducing costs, as the traditional TV audience that provides the bulk of revenues for both CNN and CBS News continues to shrink.
Thompson has been behind a major effort to generate more revenue from CNN’s digital operations, which now include a subscription streaming service that makes the channel available without a cable or satellite TV package. He oversaw the New York Times’s successful transformation into a dominant digital news product during his run as president and chief executive from 2012 to 2020.
The Paramount-Warner deal will close soon after a judge signed a settlement that ended the antitrust lawsuit brought by Calif. Atty. General Rob Bonta and 11 other attorneys general . The detente , however, has not cooled tensions between CNN and the White House.
CNN was scheduled to provide press pool coverage of Trump’s trip to Texas and Oklahoma on Thursday. But the White House removed the network from the pool, despite a judge’s order last week to blockthe administration’s attempt to ban access for some media outlets.
Last week, CNN, MS NOW and Politico were banned from White House grounds. Trump cited the outlets’ ongoing negative coverage of him as the reason for the ban. The administration later tried to argue in court that their coverage was a threat to national security.
The post CNN chief Mark Thompson in talks to remain in role after Paramount takes over network appeared first on Los Angeles Times.
