Paramount Skydance has reached a settlement with California and 11 other states that sued to block the $110bn merger with Warner Bros Discovery, both Reuters and Bloomberg News have reported, citing sources familiar with the matter. The settlement, reported on Monday, will include independent editorial boards to oversee CNN and CBS amid concerns that political pressure could sway coverage. The lawsuits were brought by a coalition of 12 state attorneys general . But free speech advocates are not convinced that will be helpful. “An independent editorial board for CNN and CBS is a weak half-measure.
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