Posted Monday, June 29, 2026 10:55 am Over nearly five decades, CNN has survived multiple owners, ratings ups and downs, and attacks by President Trump. Now, its journalists are bracing for its most dramatic transformation yet: a corporate merger that would put the 24-hour cable network under the same ownership as CBS News. David Ellison, the technology heir who controls Paramount, the owner of CBS, is poised to complete a $111 billion purchase of CNN’s parent company as soon as next month.