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Why Paramount’s Warner Bros. deal suddenly looks less certain

Tech scion David Ellison for months projected confidence that his blockbuster Hollywood merger was on a glide path to completion.

His media company Paramount Skydance’s pitch early this year was that its proposed $111-billion acquisition of rival Warner Bros. Discovery could easily clear regulatory hurdles — unlike Netflix’s competing bid.

Ellison has heavyweights in his corner: his billionaire father Larry Ellison, co-founder of software giant Oracle, is bankrolling the deal, and President Trump is eager for the Ellison family to own CNN and other Warner assets, including HBO and the Burbank film and TV studios behind “Batman,” Harry Potter, Wile E. Coyote, and “The Pitt.”

“We could technically close [the deal] tomorrow,” Ellison told business new channel CNBC during a March interview. “There is nothing in this transaction that trips anything that would create cause for concern.”

But Paramount made a dramatic retreat Friday after two weeks of legal setbacks. The firm had been aiming to close the deal by September but agreed to table its takeover — perhaps until next spring — to allow a fiercer than expected challenge from California Atty. General Rob Bonta and 11 other Democrat state attorneys general to advance to trial before an Oakland-based federal judge.

The state prosecutors allege Paramount’s proposed merger with Warner Bros. violates a century-old antitrust law by giving the combined company too much heft in theatrical movie distribution and cable television.

The delay could saddle Paramount, the smallest of the major media companies, with substantial legal fees and hundreds of millions of dollars in added deal costs. In February, Paramount offered Warner investors a sweetener, so-called “ticking fees,” to win the auction.

Those fees, which begin accruing in October, will cost Paramount an extra $7 million a day — until the purchase is finalized. And if Paramount fails to close the merger, it would owe Warner Bros. Discovery a $7-billion breakup fee.

“Anyone who thinks they know how this deal ends should think again,” Forrester Research analyst Mike Proulx said in a statement. “This deal may still close or it may not. … The path to either outcome just got longer, messier, and likely more expensive.”

Paramount now must strengthen its case for a high-stakes trial while fortifying Paramount’s existing businesses and holding together a coalition of financiers, which includes the royal families of Saudi Arabia, Abu Dhabi and Qatar which jointly agreed to contribute $24 billion for equity stakes in the combined company.

Paramount reversed course after U.S. District Judge Araceli Martínez-Olguín dealt the company a blow on Monday when she temporarily blocked Paramount from finalizing the acquisition until mid-August. Looming was a key Aug. 3 hearing for the judge to determine whether the moratorium should be extended.

Paramount was concerned the judge would block the deal for the foreseeable future.

“They saw the writing on the wall,” Bonta said in an interview.

Columbia Law School business professor Eric Talley added: “This doesn’t constitute Paramount Skydance coming out and waving a big white flag — but it is a small white flag of surrender.”

Paramount, in a statement, said heading straight to trial would prove advantageous.

“This is the fastest and clearest way to prove that this transaction is good for competition, good for consumers, and good for creators,” Paramount said. “We look forward to proving our case at trial.”

Last week, the Writers Guild of America separately filed a lawsuit seeking to stop the merger, alleging that writers would encounter less work and lower pay should Paramount buy Warner Bros.

Now the merger won’t close until after a resolution in the litigation or by June 1, 2027, whichever date comes first.

“This is what we’ve been asking for from the start,” Bonta said. “We just wanted the court to have sufficient time to review our case without the threat of the companies merging.”

Ellison, through a Paramount spokesperson, declined an interview request.

The delay brings a different set of challenges, Talley said, including pushing the date of the takeover until after November’s pivotal mid-term elections when control of Congress might change hands.

“That itself could be disruptive,” Talley said. “Suppose we get a flip of the House of Representatives or the Senate, then we may see testimony in Congress.”

Prominent Democrats, including Sens. Cory Booker (D-N.J.), Elizabeth Warren (D-Mass.) and Adam Schiff (D-Burbank) have expressed alarm over the potential consolidation, which would shrink the number of legacy film studios and bring CNN in addition to CBS News under Ellison control.

Attempts to get Ellison to testify in Congress have fallen short. The Paramount chief declined an invitation to appear before the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights in February, as well as a subsequent request from Booker to appear during an April spotlight hearing.

“To what extent was the rush to get the deal done related to the midterms, and what press coverage was going to look like in the upcoming election season?” Talley asked. “CNN is not a huge money-making asset but it is a prominent asset of Warner Brothers Discovery.”

On Friday night, Trump extolled his friendship with the Ellison family during the White House Correspondents Assn. dinner while also criticizing prominent CNN anchors.

David Ellison is “going to make, I think, fantastic changes and keep some of the great stuff going,” Trump said.

CBS News has been roiled since shortly after the Ellisons acquired Paramount in August, and installed Bari Weiss as editor in chief of CBS News. She has overseen a series of controversial moves, including shaking up the evening news and sacking several “60 Minutes” correspondents.

Paramount scored one victory: the European Commission gave its blessing for the merger to go forward in the European countries it represents. The company now has gained clearances from more than 60 jurisdictions, including from the U.S. Justice Department, which found the merger would likely boost competition — not harm it.

Now, Paramount’s biggest obstacle is winning the case against Bonta and the other state attorneys general.

The states plan to request a trial in 2027, after the two sides conduct months of discovery to prepare their cases.

“We want to take depositions of employees. We want to take depositions of customers and competitors in these marketplaces that are impacted [and] we want documents,” Bonta said.

“We want to depose their experts and probe and test their experts’ opinions,” he said. “That all takes time.”

Bonta and the other state attorneys sidestepped the political landscape in making their lawsuit arguments.

“This is just a straight-up meat-and-potatoes antitrust case,” Bonta said. “The main point here is that antitrust enforcement is important because monopolies that lessen competition hurt everyday people.

“Once we have a trial, we’re going to win,” Bonta said. “So we think and we hope there will never be a merger.”

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States sue to block Paramount’s $111-billion Warner Bros. takeover

California Atty. Gen. Rob Bonta and 11 other Democratic state attorneys general filed a lawsuit Monday to block Paramount Skydance’s proposed $111-billion takeover of Warner Bros. Discovery — a last-ditch effort to derail a deal that would transform Hollywood.

Tech scion David Ellison’s proposed merger has been hurtling toward the finish line after securing approvals from the U.S. Justice Department and numerous foreign governments. President Trump, an ally of Ellison’s billionaire father Larry Ellison, favors the deal. He is eager for a big shakeup at CNN, which is currently controlled by Warner Bros.

David Ellison now faces his biggest challenge yet as he attempts to build a new entertainment behemoth.

A Paramount representative did not immediately comment.

The suit, filed in federal court in San Francisco, alleges that the proposed merger would violate the U.S. Clayton Act, a century-old antitrust law to prevent mergers that weaken competition and increase costs for consumers.

“Consolidation here not only leads to higher prices — it also leads to fewer opportunities for important stories to come to life, and fewer ways for audiences to encounter stories, ideas, and perspectives beyond their own experiences,” Bonta said in a statement.

“California and our sister states are fighting for free and fair markets, not rigged markets,” he said.

California and the 11 other states, including New York, New Jersey, Washington and Colorado, allege the merger would devastate the theatrical film business by combining two historic film studio rivals. The Ellison family would control such storied franchises as Harry Potter, Bugs Bunny, Batman, “Top Gun” and “Game of Thrones.”

The proposed purchase also would unite two prominent news organizations — CNN and CBS News.

The states have asked Paramount to delay the closing of its Warner Bros. takeover until the litigation can be resolved.

If Paramount refuses, Bonta said the coalition would seek a temporary restraining order asking a judge to hold up the merger, a move that would cause costly delays and escalate legal expenses for Paramount in their quest to finalize the deal.

Larry Ellison, co-founder of software giant Oracle, is bankrolling his son’s ambitions to acquire a second major entertainment company in less than a year. The Ellison family acquired control of CBS-owner Paramount in August and, at the time, David Ellison touted the move of Paramount’s headquarters from New York’s Times Square to Hollywood.

Now, Paramount is reportedly threatening to leave California in the face of Bonta’s legal action.

If the merger goes through, Paramount would own four streaming services, including Warner’s HBO Max and the dominant U.S. cable TV channel owner with HBO, TBS, HGTV, Animal Planet, Food Network, Comedy Central and Nickelodeon.

The U.S. Justice Department last month approved the merger, saying the combination would likely bolster competition — not harm it. The agency’s decision had been expected because of Larry Ellison’s strong support of Trump.

In a show of confidence earlier this year, the Ellisons agreed to increase the payout to Warner investors should the regulatory approval process drag on. Those extra 25-cent-per-share payments begin with the October-December quarter, and would add more than $650 million in deal costs each quarter — giving David Ellison an increased incentive to quickly close the deal.

The proposed merger has sparked fears in Hollywood that it will bring thousands of job losses — similar to past consolidations, including Walt Disney Co.’s 2019 takeover of Fox entertainment properties.

Some theater owners, hard hit by the pandemic and production slowdowns, have expressed concerns the merger would lead to fewer films being made.

The new colossus would significantly dampen competition, Bonta and the other Democrat prosecutors argue. They pointed to the wide-release movie film distribution business, where Warner Bros. and Paramount control about 27% of the market.

After the merger just four companies — Paramount-Warner, Disney, NBCUniversal and Sony Pictures — would control 86% of the films that were widely released, Bonta said.

Paramount has said the deal will boost competition — not hamper it. Ellison has promised to continue releasing 30 films a year with a combined Warner Bros.-Paramount studio, roughly the current output of the two studios.

Ellison also vowed to protect the HBO brand.

Another concern is the licensing of basic cable TV channels, including CNN and HGTV, to pay-TV providers such as Charter’s Spectrum, DirecTV and Google’s YouTube TV. Warner Bros. is the second largest cable channel owner and Paramount is the third largest. Together their channels would represent about 27% of the market.

The typical threshold for antitrust concerns is at least 30% marketshare.

More than 5,000 entertainment industry workers, including Jane Fonda, Ben Stiller, Bryan Cranston, Javier Bardem, Lin-Manuel Miranda and Mark Ruffalo, signed an open letter calling on Bonta to block the merger.

Some have expressed concerns about marrying CNN and CBS News following months of turmoil at CBS News since David Ellison hired journalist Bari Weiss as CBS News editor in chief. Last month, Weiss orchestrated a dramatic shakeup at the iconic “60 Minutes” news program, with top executives and three well-known correspondents tossed out.

The Ellison family recently shed its movie theater chain, which it picked up as part of the Paramount acquisition, to clear the way for the Warner deal.

California Attorney General Rob Bonta in his office in 2024. (Paul Kuroda / For The Times)

California Atty. Gen. Rob Bonta is leading an effort by state attorneys general to block Paramount’s proposed takeover of Warner Bros. Discovery.

(Paul Kuroda/For The Times)

The deal also faces opposition outside the U.S.
. The British culture minister in late June said she was weighing whether to intervene in the deal due to concerns about maintaining a competitive media market. Britain’s Competition and Markets Authority also has opened an investigation into Paramount’s proposed merger.

In April, a federal judge in Sacramento granted a request from Bonta and seven other attorneys general for a preliminary injunction, which freezes the merger of Nexstar Media Group, which owns KTLA-TV Channel 5, and Tegna. The deal was designed to create the nation’s largest TV outlet group .

A larger group of state attorneys general also won a New York jury verdict against Live Nation Entertainment and its subsidiary Ticketmaster. Jurors found that Live Nation had illegally monopolized the live concert industry.

Bonta also has an ongoing case against Amazon for price fixing, which the company denies.

Still, legal experts say the states may face an uphill climb to detrail the Paramount-Warner Bros. merger because the arrival of Netflix, Amazon and Apple dramatically shifted the landscape.

The tech giants, which introduced consumer-friendly streaming options, have lessened the influence of traditional companies like Paramount and Warner Bros.

Paramount’s deal would mark the third time Warner has changed hands in the last decade.

AT&T bought the company in 2018 and then sold it to the smaller Discovery four years later. That deal left Warner Bros. burdened by debt, leading to deep cost cuts and setting the stage for the Ellison takeover.

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Legal correspondent Paula Reid expected to join MS NOW after CNN departure

As CNN prepares for change under a new owner, the network’s chief legal affairs correspondent, Paula Reid, is heading for the exit and expected to jump to MS NOW.

The Washington-based Reid’s contract with CNN is up in several months and she has told the network she does not plan to renew. She is expected to sign on with CNN competitor MS NOW, according to people familiar with her plans who were not authorized to comment publicly.

A representative for MS NOW said the network does not comment on personnel matters but added, “as everyone in Washington knows, Paula Reid is an exceptional reporter, and any news organization would be fortunate to showcase her journalism.”

Reid‘s planned departure comes ahead of the impending merger of CNN parent Warner Bros. Discovery and Paramount. The combination has led to speculation over who will run CNN, and the uncertainty is said to have played a factor in Reid’s decision.

Reid joined CNN from CBS News in 2021.

CNN and Paramount’s CBS News will be combined after the merger, but the management structure is still under discussion. Paramount put Bari Weiss, founder of the heterodox digital news site the Free Press, in charge of CBS News in October, with a mandate to move the network’s coverage more to the political center. Based on the chaos that has ensued at CBS News under her watch, many CNN insiders are concerned over her possible stewardship of an even larger and more complex organization.

CBS News executives and on-air talent have pushed back at Weiss’ efforts to make changes at the division, which many insiders have viewed as an attempt to placate the Trump White House while Paramount seeks regulatory approvals needed ahead of closing the $111-billion Warner Bros. Discovery deal.

Internal resistance to Weiss has been strongest at the venerable news magazine “60 Minutes.” The program’s star correspondent Scott Pelley was fired last month after he confronted management over the dismissals of executive producer Tanya Simon and his on-air colleagues Sharyn Alfonsi and Cecilia Vega.

Weiss’ overhaul of the “CBS Evening News” with her handpicked anchor Tony Dokoupil has failed to improve the third-place program’s competitive position in the ratings. The program has also been criticized for some of its editorial decisions and logistical snafus.

CNN anchor Anderson Cooper has reportedly told colleagues he does not want to work for Weiss if the cable network is put under her purview. He already rejected an offer from Weiss to anchor the “CBS Evening News” and declined to renew his deal as a “60 Minutes” contributor after nearly two decades with the program.

The chaos at CBS has given pause to people at CNN. Larry Ellison, the tech billionaire and father of Paramount Chief Executive David Ellison, has reportedly promised Trump there will be sweeping changes to CNN after the merger.

Reid, 43, is among the many TV news correspondents and anchors that Trump has disparaged over the years, claiming they are unfair in their coverage. As White House correspondent for CBS News, Reid was known for asking tough questions of Trump during his White House briefings on the coronavirus.

Reid was a lawyer before becoming a journalist at CBS News in 2010. In addition to serving as White House correspondent for the network, she covered the Justice Department and the Supreme Court.

Reid would be another significant hire for MS NOW, the progressive-leaning channel that is rebuilding its roster after separating from NBC News and its parent, Comcast. The network formerly known as MSNBC is now part of Versant, a company with a stable of cable networks spun off by Comcast.

Peter Alexander, former chief White House correspondent for NBC News, is joining MS NOW as a morning anchor later this year. The network also hired former “CBS Mornings” executive producer Shauna Thomas as political director.

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Katie Couric calls out former boss at CBS’ ’60 Minutes’

Veteran broadcast journalist Katie Couric has leveled sharp criticism at CBS’ “60 Minutes,” detailing a culture of systemic sexism and marginalization she says she experienced during her tenure at the prestigious newsmagazine.

On this week’s episode of the “Call Her Daddy” podcast, Couric, 69, described incidents during her time at “60 Minutes” when her story ideas were reassigned to her male counterparts. She described the circumstances as “really tough situations.”

The Emmy-winning journalist said she suspected early on that Jeff Fager, the “60 Minutes” executive producer at the time, didn’t take a liking to her.

“I think maybe because he wasn’t really consulted about bringing me over,” said Couric. “I was sort of seen as somebody from a different network coming in and sort of muddying the waters. I hadn’t come up in the CBS system. So I don’t know, he just didn’t like me.”

Couric started her run at the newsmagazine as a correspondent and as an anchor at CBS News in 2006, after spending 15 years co-hosting NBC’s “Today” show. Her role at CBS made her the first female solo anchor of a national weeknight news broadcast. She stayed with the network for five years before taking on a new role as special correspondent for ABC News.

Fager remained at “60 Minutes” from 2004 to 2018. He also served as the chairman of CBS News. He was eventually fired for allegedly sending a “harsh” message to a CBS reporter. At the time, he was also facing accusations of ignoring inappropriate behavior at “60 Minutes.” He previously denied the claims. CBS could not be reached for comment.

Trouble first came to a head when Couric pitched a profile of the rising pop star Lady Gaga. Fager had initially turned down the idea until he decided to pursue the story a year later, as Gaga had gained more notoriety.

Couric said she had proposed a fresh angle on Gaga’s Catholic school upbringing, but when she arrived for the interview, she discovered her name had been replaced with Anderson Cooper’s. His interview with Gaga aired in February 2011.

“It made me crazy,” Couric said.

A similar situation occurred once again when Couric was set to interview then–Secretary of State Hillary Clinton. The confusion began when the State Department reached out to Couric, wondering why fellow correspondent Scott Pelley’s team was inquiring about Clinton.

“So I go to Jeff Fager, and I say, ‘I thought you wanted me to do Hillary. You told me explicitly that you wanted to assign that story to me,’” Couric said. “And he said, ‘Yeah, we decided to change things up.’”

Couric said she was frustrated with Fager, for repeatedly going “behind [her] back.”

“Like, without even the decency to call me and say, ‘Guess what? We decided to reassign the story, and this is why,’” she said. “Talk about getting gaslit. I mean to me, that is the definition of it.”

Couric isn’t the only former “60 Minutes” to call out sexism at the newsmagazine. Meredith Vieira, who worked as a correspondent in the late 1980s and early 1990s, said in 2018, that she’d experienced sexism at CBS.

In the last few months, “60 Minutes” has undergone a massive upheaval. Under CBS News editor-in-chief, Bari Weiss, several correspondents, including Scott Pelley, and the program’s top producers were fired. Anderson Cooper also recently resigned from his post at the newsmagazine. With the upcoming season slated to begin in September, the program is currently under pressure to replenish its ranks.

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WGA and SAG-AFTRA call out CBS and the recent firings at ’60 Minutes’

Both SAG-AFTRA and the Writers Guild East are condemning the recent firings at CBS’ “60 Minutes.”

Under the news network’s editor-in-chief Bari Weiss, on-air correspondents Scott Pelley, Cecilia Vega, Sharyn Alfonsi and the program’s executive producer, Tanya Simon, have all been ousted from the legacy newsmagazine. The two unions, which represent journalists, said the recent actions appear to compromise editorial independence.

WGA East president Tom Fontana wrote in a letter to members on Thursday that the changes at CBS News “are more than mere ideological interference with the news. They display a profound contempt for the journalism profession.”

He added, “it is clear that CBS brass is engaged in a near-constant level of editorial interference that would have previously been unthinkable.”

Tom Fontana joined WGA and SAG-AFTRA members on the picket line in the strike over contract negotiation.

Tom Fontana joined WGA and SAG-AFTRA members on the picket line in the strike over contract negotiation at Netflix and Warner Bros. Discovery offices on Aug. 15, 2023, in in New York City.

(Lev Radin / VIEWpress via Getty Images)

SAG-AFTRA similarly said in a statement Thursday that these “decisions can only be seen as part of a broader strategy to gut the crucial independent journalism that is so important to our democratic system.”

A spokesperson for CBS News said in a statement, “There is no political interference at CBS News, not from ownership, not from Bari Weiss. The only ‘interference’ is the normal back and forth between editor and correspondent that happens in every newsroom.”

Pelley, one of the program’s most high-profile correspondents, was fired on Tuesday after speaking out during a team meeting. He reportedly said Weiss “is murdering ‘60 Minutes.’ … She does not love this place. She was brought in to kill it, and she’s been doing exactly that.” He also questioned the newly hired executive producer, Nick Bilton, and his ability to run the show, citing his lack of TV news experience.

Pelley accused CBS News management of favoring the Trump administration by instructing him to put “falsehoods and bias into a politically sensitive story.”

“I’ve been told to include assertions that are unverified,” he said in a statement. “To date, in every case, I have ignored these instructions or refuse them.”

“60 Minutes” is now down four correspondents, following Anderson Cooper’s departure and the firings of Vega and Alfonsi. These are only the most recent controversial moves from Weiss, who’s set on remaking the institution long defined by tradition. She arrived at CBS News in October with no television experience, installed by Paramount Chief Executive David Ellison after he acquired her digital news outlet, the Free Press, with a mandate to change the network.

Since her hiring, there was a significant round of layoffs and CBS News Radio was shut down.

“I’m only interested in working in a newsroom that is built on trust and mutual respect,” Weiss said of Pelley’s firing during a meeting on Wednesday morning. “That foundation was broken on Monday, and despite our attempts to engage with Scott Pelley and to find a way back, unfortunately we weren’t able to do so, and so we had to part ways.”

The lack of reporters means “60 Minutes” will have to line up new talent quickly to fill the correspondent roles, as production of the 2026-27 season is already underway.

WGA’s Fontana added, “To our friends and colleagues at CBS News: We see you, and you are not alone. Thousands of your union brothers, sisters, and siblings have your backs.”

SAG-AFTRA also said the union is prepared to take “legal actions related to the company’s conduct over the last several weeks.”

Times staff writer Stephen Battaglio contributed to this report.

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Bill Whitaker, Lesley Stahl and Jon Wertheim will remain at ’60 Minutes’

After a tumultuous week, CBS News took a major step in stopping the bleeding at “60 Minutes.”

In a memo sent Friday morning, the three remaining “60 Minutes” correspondents Bill Whitaker, Lesley Stahl and Jon Wertheim said they will continue with the program. The trio strongly considered leaving in solidarity with their ousted colleagues Scott Pelley, Sharyn Alfonsi , Cecilia Vega and executive producer Tanya Simon and her second-in-command Draggan Mihailovich.

Pelley — angry over the dismissal of his other co-workers — was fired Tuesday, a day after confronting the program’s new executive producer Nick Bilton at his first staff meeting. Pelley questioned the credentials of Bilton, a former New York Times journalist with no experience in television news. He also accused CBS News Bari Weiss — who oversaw the changes — of “murdering” the program.

The memo said the decision to stay should not be seen “as an endorsement of the existing power structure.”

“Here’s why we’re staying: We don’t want ’60 Minutes’ to die,” they wrote.

The dismissal of Pelley, considered the most respected journalist inside CBS News, sent shockwaves through the organization and led to speculation of an exodus by the remaining three correspondents.

In their memo, Whitaker, Stahl and Wertheim said they felt the same bewilderment and frustration that Pelley did over the firing of their colleagues.

“We want to express how sorry we are that these principled, fair and honest journalists were treated so shabbily, with such indecency,” they wrote. “Tanya deserves to be celebrated, not truly cast off. Draggan too. It was heartbreaking.”

With the program in full-blown crisis, Bilton spent the rest of the week attempting to calm the waters and retain the disgruntled correspondents. He issued a memo Thursday praising Whitaker, Stahl and Wertheim — calling them “the core of the show’s success” — and promising to uphold the editorial independence of the program.

“We will always pursue stories without fear or favor,” Bilton said.

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Bari Weiss shakes up ’60 Minutes’ with a new executive producer

The venerable news magazine “60 Minutes” is undergoing a major overhaul under CBS News Editor-in-Chief Bari Weiss.

Weiss announced Thursday the appointment of new executive producer to replace Tanya Simon, a 26-year veteran of the program who took over the top job last July. She will be replaced by Nick Bilton, a former New York Times technology columnist and documentary filmmaker.

Bilton will be the first executive producer in the 58-year history of “60 Minutes” to come from outside of the tightly knit organization. The program has only had four leaders in its history — Don Hewitt, Jeff Fager, Bill Owens and Simon — all of whom came up through the ranks of CBS News.

Weiss is said to have developed a solid relationship with Simon, whose late father Bob Simon was a highly respected correspondent for the program. But the connection apparently deteriorated after Weiss did not receive an advance notice on Anderson Cooper’s sign off from the program ending his nearly 20-year run as a correspondent.

Cooper, who is also a full-time anchor at CNN, turned down a new “60 Minutes” deal from Weiss. During his final appearance, he expressed fears about the editorial independence of the program.

Tanya Simon is the new executive producer of "60 Minutes."

Tanya Simon is the new executive producer of “60 Minutes.”

(Michele Crowe CBS News)

“Things can always evolve and change, and I think that’s awesome, and things should evolve and change, but I hope the core of what ’60 Minutes’ is always remains,” Anderson told viewers. “I think the independence of ’60 Minutes’ has been critical.”

Speculation over changes at “60 Minutes,” the most-watched news program on television for 52 consecutive years, have been swirling for months since Paramount Chief Executive David Ellison installed Weiss to oversee editorial content at CBS News.

The program has been in turmoil since Oct. 2024 when President Trump filed a $20 billion lawsuit against CBS over an interview conducted with then Vice President Kamala Harris that was settled to clear the regulatory path for Skydance Media’s acquisition of Paramount.

From a business standpoint, “60 Minutes” is a curious target. The program is one of the most profitable hours on the CBS prime time schedule while retaining its status as television’s most prestigious journalism operation. While the ratings for “60 Minutes” get a boost from a lead-in from high-rated NFL late afternoon games, it remains one of the few network shows that viewers make an appointment to watch.

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Longtime correspondent Sharyn Alfonsi expects to depart ’60 Minutes’ as big changes loom

Sharyn Alfonsi, the longtime “60 Minutes” correspondent who clashed with CBS News Editor-in-Chief Bari Weiss over a story on Trump White House immigration policies, said Wednesday her contract is not being renewed.

“Over the weekend, my contract with CBS News expired, drawing to a close nearly twenty years with the network, including more than a decade at ’60 Minutes,’” Alfonsi, 54, said in a statement to The Times.

“Following an intense editorial dispute over our CECOT story, repeated attempts by my representation to establish a path forward were met with absolute silence from network executives,” she added. “The message could not be clearer: my time at 60 Minutes is apparently over.”

CBS News declined to comment on Alfonsi’s remarks. Her contract expired this past weekend but she remains employed at the division on an “at will” basis, which means she can be terminated at any time, according to people familiar with the discussions. Producers who worked with Alfonsi have been assigned to other correspondents.

Alfonsi made her comments as the “60 Minutes” staff anticipates significant changes in the coming days, which could include shifting the lineup of correspondents. Anderson Cooper has already announced his departure from the program after 20 seasons.

A scene from the "60 Minutes" report "Inside CECOT."

A scene from the “60 Minutes” report “Inside CECOT.”

(CBS News)

The segment at the center of Alfonsi’s likely exit, “Inside CECOT,” detailed the Trump administration’s treatment of hundreds of Venezuelan migrants who were deported to an El Salvador prison known for its harsh conditions.

“Inside CECOT” was scheduled to run Dec. 22 but was pulled the day before air by Weiss, who believed it needed more reporting, including a direct on-camera response from the administration, which did not participate.

Alfonsi protested the decision to hold the story, calling it politically motivated in an email she sent to colleagues that was shared publicly.

Alfonsi said at the time the story was ready for air after being vetted by the network’s attorneys and the standards and practices department.

“It is factually correct,” Alfonsi wrote. “In my view, pulling it now — after every rigorous internal check has been met is not an editorial decision, it is a political one.”

“Inside CECOT” eventually ran on Jan. 18 without any substantial changes to its tone or reporting. Weiss acknowledged internally that pulling the segment after it had already been promoted was a mistake.

The move created the first public relations fiasco under Weiss’ watch and tarnished the strong journalistic reputation of “60 Minutes.” The matter also added to the narrative that Weiss was installed at CBS News to placate the Trump administration as parent company Skydance Media sought government regulatory approval to buy Paramount and its current deal to merge with Warner Bros. Discovery.

The program has been in turmoil since October 2024 when President Trump filed a $20-billion lawsuit against CBS over an interview conducted with then-Vice President Kamala Harris that was settled to help clear the regulatory path for Skydance Media’s acquisition of Paramount last year.

Weiss joined CBS News in October with a mandate from Paramount Chief Executive David Ellison to pull the division to the political center. The founder of the conservative-friendly digital news site the Free Press, Weiss has wanted to make changes to “60 Minutes” but put them off until after the 2025-26 TV season ended this past weekend.

In her statement, Alfonsi predicted CBS News would try to make her exit an administrative decision not related to her work.

“In the coming days, network leadership may attempt to hide behind corporate euphemisms like ‘modernization’ and ‘restructuring’ to explain away my departure,” Alfonsi said. “Don’t be misled. This was not a routine corporate transition; it was a deliberate choice to penalize a journalist for refusing to sanitize factually accurate reporting, and it sends a chilling message to the entire newsroom.”

Insiders at CBS News are uncertain about the extent of the planned overhaul. Weiss has been advised to limit any disruption to “60 Minutes,” which is coming off a strong season of ratings performance.

Nielsen data showed the program averaged 9.1 million viewers in its Sunday time period, up 9% from the previous year. The program’s views across digital and social media platforms were also up substantially.

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