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

What happened: Paramount Skydance completed its $110bn merger with Warner Bros Discovery, closing on Tuesday and bringing CNN and CBS News under one roof. Key numbers: $110bn merger value; combined company carries $80bn in debt; 180 days to form an independent editorial board; 60 Minutes season premiere viewership Why it matters: The deal settled lawsuits from unions and 12 state attorneys general with an independent editorial board, but press freedom experts doubt it will preserve editorial independence. Mark Thompson stays as CNN editor-in-chief, though his contract is up in the spring.

Paramount Skydance completed its $110bn merger with Warner Bros Discovery, closing on Tuesday and bringing CNN and CBS News under one roof.

The deal settled lawsuits from unions and 12 state attorneys general with an independent editorial board, but press freedom experts doubt it will preserve editorial independence. Mark Thompson stays as CNN editor-in-chief, though his contract is up in the spring.