What began as David Ellison's long‑maturing bid to move Skydance from independent producer to media leviathan turned into one of the most consequential media consolidations of the 2020s. After publicly expressing interest in January 2024 in buying National Amusements and merging Skydance with Paramount Global, Ellison closed an $8 billion deal in 2025 that the record shows relied heavily on a $6 billion personal investment by his father, Oracle co‑founder Larry Ellison. The Federal Communications Commission, under the second Trump administration, cleared the merger in July 2025 and the transaction formally closed on August 7, 2025, creating Paramount Skydance with David Ellison installed as chairman and CEO. Critics and media watchers immediately flagged the new company's moves to remake legacy newsrooms: within weeks Paramount Skydance purchased Bari Weiss' Free Press and Ellison brought Weiss into CBS News as editor‑in‑chief. International outlets (Le Monde among them) described the early personnel and editorial changes as “conservative‑friendly.” The controversy crystallized when Weiss delayed the airing of a sensitive 60 Minutes piece on deportations to Venezuela — a major network investigative segment that aired only the following month with minimal additional context. The episode read like a modern echo of old studio‑system power plays: private capital, intimate political ties, and rapid executive reorders of editorial institutions, leaving journalists, regulators and civic groups asking whether a consolidated studio‑corporate regime was reshaping public information.
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