CBS News is denying a bombshell report which said the network was hemorrhaging around $50 million annually — a claim the network aggressively shot down as “inaccurate.”
The controversy began on Wednesday when Puck correspondent Dylan Byers dropped a stunning item claiming two sources familiar with CBS News’ finances revealed the purported losses.
According to Byers, CBS News’ ailing balance sheet would not sit well with its new boss, Skydance Media CEO David Ellison, whose company acquired corporate parent Paramount Global for $8 billion.
Ellison “certainly isn’t going to tolerate those losses,” Byers wrote in Puck.
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Author: Marty Kaufmann
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