World · 1 hour ago
Elon Musk reportedly puts $1bn into Skydance, the new owner of CNN
Gage Skidmore via Wikimedia Commons (CC BY-SA 4.0)
Skydance, the media company formed when Paramount bought Warner Bros. Discovery in a $110 billion deal, has promised to cut costs by $6 billion over three years. Semafor, the news site that broke the story, reports that Musk's money was received at approximately the same time as equity from other backers, such as board member Laurene Powell Jobs.
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