CNN Staff Morale Plunges as Paramount Takeover Clouds Network's Future

CNN staff morale is described as being "like a funeral" following Paramount Skydance's planned takeover in October, which casts uncertainty over the network's future strategy and recent progress. The mood stems from concerns about Paramount's controversial management of CBS News, including scrutiny over editorial changes and lagging ratings. CNN had been showing gains with its new "CNN All Access" subscription service and projected $600 million in 2026 profit, but leadership changes could disrupt these efforts. A new governance board for CNN and CBS News, announced Monday, aims to ensure journalistic integrity, though its members will be appointed by Paramount, raising questions about its effectiveness. CNN's cash flow is projected to decline to $735.3 million by 2027.