CNN, CBS News now under one roof as Paramount-Warner Bros merger closes

Paramount Skydance has completed its $110bn merger with Warner Bros Discovery to form Skydance.The deal, which closed on Tuesday, brings together two entertainment giants that own movie studios and theme parks, but also brings two of the United States’ most influential news brands under one roof — CNN and CBS News.Recommended Stories list of 4 itemslist 1 of 4Paramount CEO may remove operations from California over stalled mergerlist 2 of 4Paramount Skydance mulls CNN sale amid antitrust merger challengelist 3 of 4Paramount settles with US states, union to win Warner Bros takeoverlist 4 of 4US judge approves settlement allowing Paramount to acquire Warner Brosend of listSkydance CEO David Ellison, son of tech tycoon Larry Ellison, who is also a close ally of US President Donald Trump, has appointed Ynon Kreiz as co-CEO. Kreiz previously led Mattel.The road to the merger has included lawsuits from unions and 12 different state attorneys general. But the deal was ultimately settled after the company agreed to appoint an independent editorial board to oversee both news networks amid concerns that the merger would lead to skewed coverage at the two networks.On Monday, the company annou...