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Chris Wallace, a CBS News Scion, Is Advising Its New Owner

NYT > Business > Media · Michael M. Grynbaum and Benjamin Mullin · last updated
The longtime news anchor recently began working for a financial firm connected to CBS’s new parent company and has spoken with the network’s owner, David Ellison, several times.

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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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