Paramount completed the acquisition of The Free Press.

Paramount, an American multinational mass media and entertainment conglomerate, completed the acquisition of The Free Press, a new media company that publishes investigative stories and provocative commentary about the world. Financial terms were not disclosed. “We are thrilled to welcome Bari and The Free Press to Paramount and CBS News. Bari is a proven champion of independent, principled journalism, and I am confident her entrepreneurial drive and editorial vision will invigorate CBS News. This move is part of Paramount’s bigger vision to modernize content and the way it connects – directly and passionately – to audiences around the world,” David Ellison, Paramount Chairman and CEO.