AP
Skydance Merger
This image taken with a smartphone shows the exterior of the Warner Bros. Discovery headquarters in New York on Tuesday, Oct. 6, 2026.
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CNN has a new owner: Skydance. After a tumultuous, roughly yearlong process, Skydance-owned Paramount closed its $81 billion buyout of Warner Bros. Discovery on Tuesday. And beyond Hollywood, the mega merger brings two titans of the American TV news landscape — CBS and CNN — under the same roof. On the eve of the deal’s completion, Skydance confirmed that CNN’s Mark Thompson will stay on as editor-in-chief of the network — separate from CBS, where Bari Weiss remains at the helm. But how the combined company’s news operations will look farther down the road are yet to be seen.
