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[BUSINESS] · United States · 2 sources

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CNN staffers express concern over Paramount merger

CNN employees are reportedly experiencing significant anxiety regarding the impending Paramount takeover of Warner Bros. Discovery. The $81 billion deal, led by CEO David Ellison, is expected to move forward in the coming weeks following Paramount’s settlement of an antitrust suit with the California Attorney General.

Staffers have expressed concerns over potential job cuts and organizational changes, with one employee comparing the atmosphere to waiting for a hurricane to make landfall. A television executive described the anticipated aftermath of the merger as a “bloodbath” involving “slashing and burning” at the network.

Entities

CNN · David Ellison · Paramount · Warner Bros. Discovery

Sources

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