CBS News Was Just Taken Over By a Substack

Paramount has acquired The Free Press, Bari Weiss's Substack-born media outlet, for $150 million and appointed Weiss as editor-in-chief of CBS News. The move effectively places a conservative-leaning Substack writer at the helm of a legacy news network, following the FCC's approval of the Skydance-Paramount merger, which required CBS to feature a broader 'diversity of viewpoints from across the political and ideological spectrum.' The Verge reports: Before starting The Free Press, Weiss worked as an op-ed and book review editor at The Wall Street Journal from 2013 to 2017 and later became an op-ed editor and writer at The New York Times to expand the publication's stable of conservative columnists during Donald Trump's first term. She resigned from the NYT in 2020, citing an 'illiberal environment.'

Weiss started a Substack newsletter in 2021, called Common Sense, which later evolved into The Free Press, touting itself as a media company 'built on the ideals that were once the bedrock of great American journalism.' As noted in the press release, The Free Press has grown its revenue 82 percent over the past year, while subscribers increased 86 percent to 1.5 million, 170,000 of which are paid subscriptions.

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