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Report: New Leaders at Troubled CBS News Poised to Revamp Operations

 October 15, 2024

CBS News, a long-standing giant in broadcast journalism, is poised for transformative changes under the prospective leadership of tech mogul Larry Ellison and his son David.

Larry Ellison’s planned acquisition of CBS News signals what could be a major overhaul aimed at correcting the organization’s struggles with journalistic integrity and bias, recently rearing their head with regard to apparent favoritism benefitting Vice President Kamala Harris, as Breitbart reports.

CBS News, a subdivision of National Amusements, has faced several recent controversies questioning its journalistic standards.

Recent incidents, including altered interview content and a controversial stance on international reporting policies, have spotlighted the network’s ethical dilemmas.

Contentious Interviews and Public Outcry

Among the notably criticized segments in recent days was an interview on CBS Mornings, in which co-anchor Tony Dokoupil was later compelled to apologize after a controversial engagement with author Ta-Nehisi Coates.

The incident highlighted issues within the network regarding its conduct and perceived fairness of its journalism practices.

Another major contention arose from 60 Minutes involving an edited interview with Vice President Kamala Harris. Accusations of deceptive practices surfaced when the program did not release an unedited transcript, leading to public distrust.

Additionally, CBS News directed its reporters not to acknowledge Jerusalem as the capital of Israel, a decision that has thrown the network's impartiality into question, especially considering the global political sensitivities surrounding the topic.

Ellison’s Forthcoming Leadership

Ellison, who founded Oracle and has established himself as a formidable figure in the tech industry, is now reportedly setting his sights on CBS News through a colossal $28 billion acquisition handled by Skydance. The deal is expected to be finalized next year, ushering in a new era for the news outlet.

The tech mogul would then take control of 77.5% of National Amusements’ shares, thereby commandeering CBS News. His prominent pro-Israel stance and close relationship with Israeli Prime Minister Bibi Netanyahu might also influence future editorial policies, contrasting with the current directives of CBS News.

This takeover has prompted discussions among industry observers and insiders about potential executive shakeups and the establishment of new ethical guidelines within CBS News.

Expected Reforms and Future Directions

Speculations about the changes under the Ellisons include the dismissal of some existing executives and the formation of a dedicated ethics department aimed at restoring credibility.

These movements align with what industry experts perceive as an essential step towards mending the company's reputation.

According to financial journalist Charles Gasparino, there’s a unified sentiment among Ellison’s inner circle that the "CBS woke show must end." This implies a strong push towards restructuring the cultural and operational frameworks of the network.

However, Gasparino also expressed uncertainty about what "blowing the place up" could mean in practical terms, outlining the inherent unpredictability of such profound corporate overhauls.

Potential Challenges and Industry Perspectives

Notwithstanding Ellison's robust plans, challenges loom large. The media industry has traditionally been resistant to change, particularly at the structural level where entrenched practices and ideologies prevail.

Experts contend that while corporate takeovers can provide the momentum for reform, the actual implementation of profound changes within longstanding media institutions like CBS News could be fraught with difficulties.

The success of such transformations within CBS News could send ripples across the media landscape, potentially setting a precedent for how major news organizations address internal and public critiques about bias and integrity.