Elon Musk Reportedly Invests $1B into CNN Parent Company

Things that are not part of politics happening presently and how we approach or address it as Anabaptists.
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mike
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Elon Musk Reportedly Invests $1B into CNN Parent Company

Post by mike »

Grok wrote:Skydance, led by David Ellison and Ynon Kreiz, took control after Paramount's $110 billion acquisition of Warner Bros. Discovery on October 6, now overseeing CNN, CBS News, HBO Max, and more while chasing $6 billion in cost savings. A Semafor report claims Musk invested around $1 billion, though neither he nor Skydance has confirmed it. Online reactions ranged from excitement over potential reforms at CNN—which Musk once called the 'Disinformation News Network'—to questions about employee exits and media influence under leaders tied to Trump.
https://x.com/i/trending/2113307620882927995?s=20

Skydance's market cap is around $35 billion.
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barnhart
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Re: Elon Musk Reportedly Invests $1B into CNN Parent Company

Post by barnhart »

It's hard for me to imagine an outcome where this type of thing produces a more reliable, more respected news organization. I expect the results to be similar to what happened to Twitter, community standards fall away and content becomes increasingly unhinged and anti social.

I don't think of CNN as a pristine model neutral reporting but it was built by people who cared about the truth and tried honorably. Institutions that work are built by the collaboration of many but it only takes one to tear them down.

For more than two decades I maintained a paper subscription to US News and World report as my primary news source and I miss those days of imperfect news institutions that offered their editorial opinion openly in a separate section and printed regular retractions and errors.
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JohnH
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Re: Elon Musk Reportedly Invests $1B into CNN Parent Company

Post by JohnH »

barnhart wrote: ↑Sat Oct 24, 2026 8:31 amI don't think of CNN as a pristine model neutral reporting but it was built by people who cared about the truth and tried honorably. Institutions that work are built by the collaboration of many but it only takes one to tear them down.
... Ted Turner was someone who "cared about the truth and tried honorably"?
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