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Paramount Plans Editorial Board for CNN

Wall Street Journal Markets •
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Good morning. Paramount in recent months has discussed creating an editorial board for CNN and other safeguards to ease concerns over its news operation’s independence, according to people familiar with the situation. Paramount, which owns CBS News, has agreed to buy CNN parent Warner Bros. Discovery for $81 billion. The internal discussions about establishing an oversight committee for news have come up as the company has planned for the deal’s closing, the people said.

Eli Lilly has filed six new lawsuits against U.S. entities that it alleges are selling a version of the company’s investigational weight‑loss drugon the black market. The lawsuits add to a growing list of legal challenges facing the drug’s manufacturers and suppliers.

The proposed board would provide an external check on editorial decisions and signal Paramount’s commitment to journalistic integrity. Analysts note that the move could address criticism that the network’s coverage may be influenced by its parent company’s interests.

This development comes amid broader industry scrutiny of media consolidation and the need for transparent governance structures in news organizations.