Israel First billionaire Larry Ellison’s son, David Ellison, is officially buying The Free Press and has already installed self-described “Zionist fanatic” Bari Weiss as the editor-in-chief of CBS News.
From The New York Times, “Paramount Buys The Free Press, Ushering in a New Era at CBS News”:
Paramount said on Monday that it was buying The Free Press, a digital news site founded as an alternative to traditional news organizations, and appointing its co-founder, Bari Weiss, as the editor in chief of CBS News.
The purchase price was roughly $150 million in cash and Paramount stock, according to two people familiar with the terms who spoke on the condition of anonymity. The total amount will be paid out over time, and it may fluctuate depending on the price of Paramount’s stock.
The deal ushers in a new era for CBS News, the storied home of Edward R. Murrow and Walter Cronkite, which has new corporate leadership at Paramount. Ms. Weiss, 41, has never run a TV network, and in her role will have influence over hundreds of producers, anchors and reporters around the world. She will report to David Ellison, Paramount’s chief executive, and work alongside Tom Cibrowski, the president of CBS News.
“We are thrilled to welcome Bari and The Free Press to Paramount and CBS News,” Mr. Ellison said in a statement. “Bari is a proven champion of independent, principled journalism, and I am confident her entrepreneurial drive and editorial vision will invigorate CBS News.”
Hellbound and Down 