Freedom of the Press Foundation Slams ‘Worthless’ CBS-CNN Paramount Settlement Details
"The fish rots from the head, and this particular fish is headed by a compromised oligarch with a history of throwing journalists under the bus," FPF Chief of Advocacy Seth Stern says The post Freedom of the Press Foundation Slams ‘Worthless’ CBS-CNN Paramount Settlement Details appeared first on TheWrap .
The Freedom of the Press Foundation expressed deep dissatisfaction with the recent Paramount settlement, particularly with the inclusion of an editorial board to oversee CNN and CBS News. Paramount and 12 state attorneys general recently reached a $110 billion merger deal with Warner Bros. Discovery. The settlement required the establishment of an editorial board consisting of five experienced journalists.
Seth Stern, FPF's chief of advocacy, criticized the board, saying it is "worthless" due to Paramount’s appointee being a "compromised oligarch." Stern also questioned the constitutionality of the board and the potential for political influence, stating that "the fish rots from the head." He added that CBS' inclusion in the board made even less sense, citing Ellison's prior actions to limit CBS's editorial independence.
The settlement also mandated a minimum investment of $300 million annually in domestic TV and film production, with specific requirements for the number of films and their genres.
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