Bari Weiss has spent the past few years leading The Free Press, a scrappy online media start-up that was founded as a rebuke to traditional news organizations. Now, she is closing in on a leadership role at CBS News, the country\u2019s quintessential traditional TV news organization.<\/p>\n
The new owner of CBS News is weighing giving Ms. Weiss the job of editor in chief or co-president of the network, as part of a broader deal to buy The Free Press, according to two people with knowledge of the deal.<\/p>\n
The people cautioned that the terms of a deal were not final. But even the consideration of Ms. Weiss for such a prominent role at CBS News is the strongest sign yet that the network\u2019s new owner, David Ellison, intends to make major changes at the news organization. On Monday, the company announced that Kenneth R. Weinstein, a longtime proponent of conservative policies, would take a job focused on reviewing complaints about the network\u2019s coverage.<\/p>\n
Mr. Ellison, whose company Skydance merged with Paramount last month in an $8 billion deal, has been in talks to acquire The Free Press<\/a> for over two months. Any deal is expected to put the price tag for The Free Press at over $100 million, its valuation in 2024, the two people said.<\/p>\n The total price, which is still being negotiated, depends in part on how long Ms. Weiss stays at Paramount. Some expect the value to exceed $150 million, paid with some cash and the remainder in stock.<\/p>\n A deal could be reached within a few weeks, said the two people, who would speak only under the condition of anonymity because the talks remain private. Puck, which publishes newsletters on finance, politics and media, earlier reported<\/a> the broad outlines of the pricing.<\/p>\n Ms. Weiss started The Free Press in 2021 with her wife, Nellie Bowles, and her sister, Suzy Weiss, after resigning from The New York Times, where she worked as an editor for the opinion section and occasionally wrote essays. Ms. Bowles also previously worked at The Times.<\/p>\n They positioned the new company, which started as a newsletter, as an unflinching alternative to traditional media organizations. The Free Press has garnered attention for its reporting and commentary, some that is critical of news organizations and individual journalists, including an article by the former NPR senior editor Uri Berliner that accused the radio network of having a liberal bias. In her columns for The Free Press, Ms. Weiss has opposed diversity and inclusion programs<\/a>, reported and commented on what she called Israel\u2019s \u201cwar of defense<\/a>\u201d in Gaza and disclosed voting for Joseph R. Biden Jr.<\/a> for president in 2020.<\/p>\n In many ways, The Free Press and CBS News are very different organizations.<\/p>\n CBS News, the home of Walter Cronkite and Edward R. Murrow, epitomizes traditional media, while The Free Press is a digital publisher. And CBS News is a sprawling corporate division with thousands of employees scattered around the globe, while The Free Press is much smaller. The Free Press has more than 50 employees and offices on both coasts. The site now has roughly 1.5 million free and paid subscribers. It also publishes podcasts and videos, and operates an events business. (Paramount has discussed supporting Ms. Weiss with leaders who have expertise in television, one of the people said.)<\/p>\n So far, Mr. Ellison has mostly spoken in broad terms publicly about his plans for CBS News, saying he wants the division to be \u201cfact-based and truth-based\u201d during a press briefing in August. \u201cWe believe in basically being in the trust business,\u201d Mr. Ellison said. \u201cWe believe in being in the truth business.\u201d When the company this week announced the hiring of Mr. Weinstein, whom President Trump nominated as ambassador to Japan in his first term, it said he would \u201cserve as an independent, internal advocate for journalistic integrity and transparency.\u201d<\/p>\n Mr. Ellison is taking control over Paramount at a time of intense government scrutiny of the media industry. Mr. Trump and regulators have criticized news organizations for what they say is a liberal bias, and have begun investigations into media companies over D.E.I.<\/a> and sponsorship<\/a> practices.<\/p>\n In July, as Skydance waited for regulators to sign off on its deal to merge with Paramount, the company agreed to pay Mr. Trump $16 million to settle a suit he had filed over the editing of a segment of \u201c60 Minutes,\u201d the crown jewel of the network\u2019s news division.<\/p>\n The settlement was widely considered an extraordinary concession to a sitting president by a major media organization. He had accused the show of purposely editing an interview with then-Vice President Kamala Harris to benefit her campaign. Many lawyers had dismissed Mr. Trump\u2019s lawsuit as baseless and believed that CBS would have ultimately prevailed in court. Shari Redstone, the company\u2019s controlling shareholder, said<\/a> that it was in the company\u2019s best interest to settle.<\/p>\n The scrutiny over CBS has persisted. Last Wednesday, the chairman of the Federal Communications Commission, Brendan Carr, posted on X<\/a> that \u201cit is time for a change\u201d at the network after Kristi Noem, the homeland security secretary, accused \u201cFace the Nation,\u201d the network\u2019s longtime Sunday politics show, of deceptively editing an interview with her. Two days later, the company said<\/a> that the show would now air only interviews that are conducted live, or are prerecorded with no cuts or edits.<\/p>\n","protected":false},"excerpt":{"rendered":"Bari Weiss has spent the past few years leading The Free Press, a scrappy online media start-up that…\n","protected":false},"author":2,"featured_media":148372,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[91900,91903,28,7930,91905,5648,91904,91908,91907,26022,91899,3093,91901,91909,1505,1596,3479,63852,91906,91902],"class_list":["post-148371","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-acquisitions-and-divestitures","tag-bari","tag-business","tag-cbs-news","tag-david-1983","tag-donald-j","tag-ellison","tag-free-press","tag-kenneth-roy","tag-mergers","tag-news-and-news-media","tag-paramount-global","tag-regulation-and-deregulation-of-industry","tag-skydance-productions-llc","tag-television","tag-the","tag-trump","tag-united-states-politics-and-government","tag-weinstein","tag-weiss"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/148371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=148371"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/148371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/148372"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=148371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=148371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=148371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}