Paramount Skydance has completed its $110 billion takeover of Warner Bros Discovery, bringing CNN and CBS News under the same corporate ownership. Critics, including Senator Elizabeth Warren and the Freedom of the Press Foundation, express concerns about editorial independence due to Skydance chairman David Ellison's father, Oracle cofounder Larry Ellison, being a major financial backer who has previously donated to Donald Trump and Israel. The deal was welcomed by Trump, who called the Ellisons "terrific people."

The settlement of legal challenges required Skydance to establish a "News Editorial Independence Board" within 180 days, but critics question its effectiveness given its appointment structure and lack of public findings. This acquisition gives the Ellison family control of CNN less than a month before the US midterm elections, following Trump's repeated attacks on the network.