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The newly formed media corporation Paramount Skydance has acquired The Free Press, an online news and commentary outlet co-founded by Bari Weiss, who will join CBS News as editor-in-chief.
Weiss launched The Free Press in 2021 with her wife, Nellie Bowles, and her sister, Suzy Weiss. They have presented the publication as a heterodox alternative to the legacy news media and a bulwark against “ideological narratives,” particularly on the political left.
The acquisition is one of Skydance chief David Ellison’s most significant early moves to reshape the news unit at Paramount, which he acquired in a blockbuster $8 billion deal earlier this year.
In seeking federal approval of the merger, Skydance vowed to embrace “diverse viewpoints” and represent “the varied ideological perspectives of American viewers.” The company also pledged to install an ombudsman at the nearly 100-year-old CBS News operation.
“This partnership allows our ethos of fearless, independent journalism to reach an enormous, diverse, and influential audience,” Weiss said in a news release. “We honor the extraordinary legacy of CBS News by committing ourselves to a singular mission: building the most trusted news organization of the 21st Century.”
The Free Press has roughly 1.5 million subscribers on Substack, with more than 170,000 of them paid, according to Paramount Skydance. The Financial Times estimated that the publication generates more than $15 million in annual subscription revenue. NBC News has not independently verified that figure.
“Bari is a proven champion of independent, principled journalism, and I am confident her entrepreneurial drive and editorial vision will invigorate CBS News,” Ellison said in a statement. “This move is part of Paramount’s bigger vision to modernize content and the way it connects — directly and passionately — to audiences around the world.”
The acquisition talks between Ellison and Weiss were first reported in late June by Status, a media industry newsletter. Ellison is the son of billionaire tech mogul Larry Ellison, the co-founder of the software firm Oracle.
Weiss co-founded The Free Press after quitting the opinion section of The New York Times. In a resignation letter that was published online, Weiss decried what she characterized as the “illiberal environment” at the newspaper.
The Free Press earned wide attention in April 2024 after it published an essay from Uri Berliner, a senior business editor at National Public Radio who accused his employer of organizing around a “progressive worldview.” Berliner then resigned from NPR and joined The Free Press.
The publication’s regular stable of columnists includes Tyler Cowen, an economist and podcaster; Matthew Continetti, the author of a book about the evolution of American conservatism; and Niall Ferguson, a British-American historian.
CBS News has repeatedly found itself in the national spotlight in recent months. President Donald Trump filed a lawsuit last year against Paramount accusing “60 Minutes” of deceptively editing an interview with then-Vice President Kamala Harris.
CBS denied the claim. Paramount settled Trump’s lawsuit for $16 million.
The Federal Communications Commission is still investigating whether CBS engaged in “news distortion.” The commission is chaired by Brendan Carr, who was appointed by Trump at the start of his second term.
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Investor Insight
Metro Mining is one of the few pure-play upstream bauxite companies globally listed on a stock exchange. As a direct exposure to the aluminum sector, Metro offers investors a unique opportunity to benefit from rising global demand driven by industrial applications and growth areas such as electrification, batteries, renewable energy, and lightweight transportation solutions.
Overview
Metro Mining (ASX:MMI) is a low-cost, high-grade Australian bauxite producer with its 100-percent-owned Bauxite Hills mine located 95 km north of Weipa on the Skardon River, Queensland. The mine forms part of a tenement package covering ~1,900 sq km.
Bauxite Hills Mine
As at 31 December 2024, Bauxite Hills contained 114.4 Mt of ore reserves, supporting an ~11-year mine life, with additional mineral resources extending mine life by roughly five years.
Following the infrastructure expansion commissioned in late 2023, the operation is ramping up production during 2025 and remains on track to deliver 6.5 to 7 WMtpa by year end. This positions Metro as one of the lowest-cost global bauxite producers.
The aluminum sector continues to see rising demand growth of around 3 to 4 percent annually, supported by EV manufacturing, renewable energy infrastructure, battery production and lightweight transportation. Market conditions have been strengthened by instability in Guinea, where government actions and weather disruptions have curtailed exports, creating supply uncertainty and reinforcing the importance of reliable Australian producers.
Company Highlights
- Metro Mining’s flagship asset, the Bauxite Hills mine (BHM) in Skardon River, located 95 km north of Weipa in Cape York Peninsula Queensland, benefits from proximity to Asian markets, short haul distances, and a highly scalable, low-cost marine transportation system, ensuring industry-leading operating margins.
- Production ramp-up continuing in 2025 following infrastructure expansion in late 2023. August 2025 shipments reached 753,101 WMT, up 6 percent year-on-year, with year-to-date production of 3.4 Mt, keeping the company on track for its 6.5 to 7 million WMT per annum CY2025 target.
- Targeting a delivered bauxite cost below US$30 per dry ton CIF China, positioning the company firmly within the lowest quartile of global producers.
- End of Q2 2025: Cash balance of AU$28.7 million, secured debt of US$56.6 million, and full-year hedged position at 0.63 US$:A$.
- Ore reserves of 77.7 Mt underpinning ~11 years of mine life, with additional mineral resources providing ~five more years
- Metro Mining maintains robust environmental and social governance, evidenced by receiving the Association of Mining and Exploration Companies’ 2024 Environment Award.
Key Project
Bauxite Hills Mine (Queensland, Australia)
Metro Mining’s flagship asset, the Bauxite Hills mine, is located on the Skardon River, about 95 kilometres north of Weipa in Queensland. The mine is underpinned by 114.4 Mt of ore reserves as at 31 December 2024, providing approximately 11 years of production, with further Mineral Resources extending mine life by around five years.
Bauxite Hills is a straightforward, low-cost DSO operation. The orebody requires no blasting, with only ~0.5 metres of overburden to remove, and short average haul distances of nine kilometres. Ore is screened to below 100 millimetres and hauled to the barge loading facility, where it is transported via tugs and barges to offshore transhippers for loading onto Capesize vessels bound for Asian markets. This efficient marine logistics chain enables Metro to remain in the lowest quartile of global cost producers.
Production continues to build steadily. In Q2 2025, the mine shipped a record 1.9 Mt, generating site EBITDA of AU$54 million and a margin of AU$32 per tonne. In August 2025, shipments reached 753,101 tonnes, a six percent increase from the prior year, with 3.4 Mt shipped year-to-date, putting the mine firmly on track to meet its 2025 target of 6.5 to 7 Mt.
Metro has established offtake agreements with leading global alumina and aluminum producers, including Chalco, Emirates Global Aluminium, Xinfa Aluminium and Shandong Lubei Chemical. To support growth beyond 2025, debottlenecking and optimisation studies are underway to enable potential expansion to 8 Mtpa beyond 2026.
The company is also advancing exploration in surrounding lateritic bauxite terraces. Drilling campaigns are planned across EPM 27611, EPM 16755, EPM 25879 and EPM 26982 during the second half of 2025, with approximately 150 holes scheduled.
In addition, Bauxite Hills hosts a significant kaolin deposit beneath the bauxite ore. Metro is progressing a feasibility study to assess extraction potential, market strategies and product testing, with applications in ceramics, paper, paints and industrial uses.
Management Team
Simon Wensley – CEO and Managing Director
Simon Wensley is a proven industry leader with extensive experience in mining operations and strategic growth. He spent 20 years at Rio Tinto in various operational, project and leadership roles across commodities, including iron ore, industrial minerals, bauxite, alumina, coal and uranium.
Douglas Ritchie – Non-Executive Chair
Douglas Ritchie brings more than 40 years’ experience in resources, previously holding senior leadership roles at Rio Tinto, including CEO of Rio Tinto Coal Australia, chief executive of the Energy Product Group, and group executive of strategy.
Nathan Quinlin – CFO
Nathan Quinlin is experienced in financial strategy and cost optimization, previously serving as finance and commercial manager at Glencore’s CSA mine, managing finance, risk management and life-of-mine planning.
Gary Battensby – General Manager and Site Senior Executive
Gary Battensby has extensive experience in managing large-scale metalliferous mining operations, budget control and regulatory compliance. He previously oversaw teams of up to 350 staff and operations with substantial CAPEX and operational responsibilities.
Vincenzo De Falco – General Manager, Marine Supply & Logistics
With over 15 years of global experience in the shipping and maritime industry, including at IMC and Louis Dreyfus Armateurs, Vincenzo De Falco is leading the Metro Marine Team to manage BHM transhipping logistics, including new Floating Crane Terminal (Ikamba) as well as Tug Mandang.
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If LeBron James has proven one thing, aside from his basketball greatness, it’s that he’s also an elite showman.
James, the 40-year-old Los Angeles Lakers star who is set to enter his record 23rd season in the NBA, teased an announcement on social media that will take place Tuesday, Oct. 7, at noon Eastern. James used the hashtag #TheSecondDecision, playfully alluding to his infamous July 2010 televised special in which he announced that he would be joining the Miami Heat in free agency. James also wrote that this would be “the decision of all decisions.”
In an accompanying video linked to the social media post, James is seen walking toward an empty chair before taking a seat. The setting is a basketball court, and there is a man sitting across from James, mimicking the setting of James’ initial Decision, when sports anchor Jim Gray hosted the event.
James, who will turn 41 in December, has been facing speculation about his playing future, amid possible retirement plans, and the Tuesday announcement could address that.
During the Lakers media day availability Monday, Sept. 29, James addressed his future, though he evaded providing an exact timeline.
“I’m excited about the opportunity to be able to play the game that I love for another season,” James said. “However the journey lays out this year, I’m super-invested, because I don’t know when the end is. I know it’s a lot sooner than later.”
James, however, is also a brand ambassador for several companies, including Nike, Draft Kings and Pepsi. James has also partnered with Amazon, even appearing in a July commercial to promote that month’s Prime Day event.
If the Tuesday announcement is indeed a marketing event, one possible link could be to Amazon, which is launching another Prime Day sales event on Tuesday.
Despite his age, James continues to be one of the premier players in the NBA. In 70 appearances last season, he averaged 24.4 points, 8.2 assists, 7.8 rebounds and 1.0 steals per game.
He is the NBA’s all-time leading scorer with 42,184 career points and holds numerous other NBA records.
James has maintained that he wants to continue competing for championships. The Lakers, who added star guard Luka Dončić in a February trade, finished third in the West last season but were bounced out in the first round of the NBA playoffs in five games, against the Minnesota Timberwolves.
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Former NFL quarterback and current Fox Sports analyst Mark Sanchez is facing an additional charge for his alleged involvement in a violent altercation in Indianapolis early Saturday morning.
Sanchez, 38, had initially been arrested and charged with several misdemeanors during the weekend after he was hospitalized with a stab wound. On Monday, Marion County Prosecutor Ryan Mears announced in a press conference that his office filed a charge against Sanchez for Level 5 felony battery.
‘We received an amended, or an additional probable cause affidavit this morning,’ Mears said. ‘With that additional information, we have added more serious charges against Mr. Sanchez. At this point in time, we have filed a felony charge, a Level 5 felony of battery involving serious bodily injury.’
If convicted of the felony, Sanchez would face a sentence between 1 to 6 years.
According to an affidavit obtained by multiple outlets, including USA TODAY Sports, Sanchez allegedly threw a 69-year-old man into a wall and onto the ground in an altercation early Saturday morning. The man told the police in a statement that he feared for his life and used his knife in self defense, according to the affidavit.
Sanchez was in Indianapolis to announce the Indianapolis Colts game against the Las Vegas Raiders on Sunday. He was reported to be in stable condition after he was hospitalized for the stab wound.
In the network’s pregame show, ‘Fox NFL Sunday,’ host Curt Menefee addressed Sanchez’s hospitalization and arrest in a statement.
‘One of our team members, Mark Sanchez, was involved in an incident that, to be honest, we’re all still trying to wrap our heads around. At this time, our thoughts and prayers are with Mark, his family and all those involved.’
Fox NFL analyst Brady Quinn stepped in for Sanchez to announce Sunday’s game after the incident.
Sanchez was the No. 5 overall pick by the New York Jets in the 2009 NFL Draft after playing his collegiate career at Southern California. He retired in 2019 after stints with five other teams and joined Fox as an NFL analyst in 2021.
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- NBA commissioner Adam Silver acknowledged the WNBA is experiencing ‘growing pains’ amid player dissatisfaction.
- The WNBA players union opted out of the current collective bargaining agreement, which now expires on Oct. 31, 2025.
- Players are seeking a larger share of league revenue, especially with a new multi-billion dollar media rights deal starting next season.
- Despite the issues, Silver expressed confidence that a new deal will be reached with the players to avoid a work stoppage.
On the heels of several prominent WNBA players criticizing league commissioner Cathy Englebert for a lack of accountability and leadership, NBA commissioner Adam Silver on Monday added his voice to the discussion.
In remarks made Oct. 6 at NBC Sports headquarters, Silver acknowledged the WNBA is experiencing ‘growing pains’ with its unprecedented popularity colliding with rampant player dissatisfaction just ahead of the expiration of its collective bargaining agreement at the end of the month.
‘Cathy Englebert has presided over historic growth in the league, but there’s no question that there’s issues we need to address with our players,’ Silver said. ‘They’re not just economic. There’s relationship issues, as well.
‘I’m confident we can fix those over time, and this league can continue to be on the rocket trajectory that it’s on right now.’
The current CBA was originally set to run through 2027, but the WNBA players union opted out last year, which pushed the expiration date up to Oct. 31, 2025.
With a new 11-year media rights deal — worth an estimated $2.2 billion — set to kick in next season, and two new expansion teams slated to join the league in 2026, players have been pushing for a greater share of the league’s revenue than the 9.3% they currently receive.
By comparison, NBA players receive roughly 50% of their league’s basketball-related income.
Silver didn’t take sides in the dispute, preferring instead to keep the focus on the court, with the Phoenix Mercury and Las Vegas Aces headed toward Game 3 of the WNBA Finals on Wednesday night.
‘There’s no question that the WNBA is going through growing pains, and it’s unfortunate that it’s coming just as their most important games in the finals are on right now,’ Silver said. ‘We’ve had two fantastic games so far and want to celebrate the game at the moment. And then we’ve got to sit down with the players and negotiate a new collective bargaining agreement.”
The WNBA has experienced rapid growth recently, spurred in part by the 2024 draft class that included Caitlin Clark and Angel Reese. The league turned in its most-watched regular season in 24 years and recorded its highest attendance in 22 years this past season.
However, that progress could come to an abrupt halt if the league and the players can’t agree on a new CBA, especially if it leads to a work stoppage.
With so much on the line, Silver seemed confident things wouldn’t reach that stage.
“We will get a deal done with the players,’ Silver said emphatically. ‘Lots of work left to be done, but we’ll, of course, get a new collective bargaining deal done.’
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- The Los Angeles Clippers are under NBA investigation for allegedly circumventing the salary cap.
- NBA Commissioner Adam Silver confirmed the investigation is ongoing but provided no timetable for its completion.
- Silver stated the league is not considering moving the 2026 All-Star Game from the Clippers’ arena.
A few weeks ago, the NBA went ablaze with allegations of the Los Angeles Clippers circumventing the NBA salary cap by paying star Kawhi Leonard with a no-show deal from a now-bankrupt company, Aspiration, in which Clippers’ owner Steve Ballmer invested.
This potentially egregious navigation of the NBA’s salary rules and subsequent penalties will not be taken lightly. The NBA is currently investigating the matter with the mighty hammer of justice yet to bonk the Clippers on the head. Such a devious way around the NBA salary cap has never been seen before, meaning the ruling and penalties that the team will face will be a landmark case for the NBA moving forward.
NBA commissioner Adam Silver addressed the allegations facing the Clippers on Monday from NBC Sports headquarters. Here’s what he said on the matter.
Adam Silver statements on Kawhi Leonard, Clippers controversy
Silver did not give much of an update on the Leonard controversy itself, only noting that the NBA is still investigating the matter. He provided no timetable regarding when the investigation may be completed.
Will this affect the 2026 NBA All-Star Game?
With this upcoming season’s All-Star Game set to take place at the Intuit Dome, home of the Los Angeles Clippers, there was speculation that the league could move the game as a penalty for the Leonard situation.
Silver shut down those rumors. He said, ‘There’s no contemplation of moving the All-Star game, and planning for the All-Star game and the surrounding activities are operating completely independently of the ongoing investigation.’
Steve Ballmer’s response
Ballmer has denied any knowledge of the situation, claiming he was ‘duped.’
On Sep. 5, Ballmer made an appearance on ESPN, claiming that he was unaware of the court documents that had originally linked Aspiration to Kawhi Leonard.
A few weeks later, the Clippers made a statement of their own, addressing the situation and Ballmer’s involvement with Aspiration. It read, ‘This effort reflects Steve wanting to set a positive example and raise awareness of the growing and important role of voluntary carbon markets. Unfortunately, he was duped on the investment and on some parts of this agreement, as were many other investors and employees.’
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LeBron James had NBA fans on their toes after he posted a cryptic video on social media with the caption ‘The decision of all decisions.’
The video is only 10 seconds long. No words are spoken. And it ends with the words ‘The Second Decision. Coming Soon.’
Obviously, this is in reference to James’ ‘The Decision’ which was a televised event where James announced what team he was going to join in free agency prior to the 2010-11 season.
James was a free agent at the time and ultimately chose the Miami Heat. However, that decision came during the offseason when James was a free agent. He has an entire season ahead of him with the Los Angeles Lakers, so fans are obviously curious what this ‘Second Decision’ could be about.
Here are three potential outcomes for James’ upcoming announcement:
What could LeBron James’ ‘Second Decision’ be about?
A new product
While this would be a major letdown for most fans, the branding does match up with James’ original decision. He could walk out to the chair and say ‘I am taking my talents to [insert his new company here].’
It all makes way too much sense. James has recently been involved in advertisements and teases that hint at his near retirement, and this would be no different. In fact, it would be par for the course with James.
An advertisement
James has gone on record stating that he does not care for how he approached his first decision. With that in mind, it’s tough to assume that he would use such branding for a new partnership where he would be heavily involved.
A much more understandable idea would be a company paying LeBron to use his likeness and one of his most recognizable moments to promote their service or product.
Many fans have speculated that this could be an ad for Amazon Prime, considering James has been involved in Amazon advertisements in the past and Amazon Prime day falls on, wouldn’t you know it, Oct. 7.
Of course, there are several companies that this could end up being an advertisement for. In fact, this could very well end up being an ad for the NBA itself. James is set to embark on his NBA record-setting 23rd season, and this video could be a way of getting fans even more excited for the season in general.
Retirement
Obviously, the biggest and most shocking news would be of his retirement. James is 40 years old and will be 41 by the end of the season. James has hinted at and/or teased his retirement too many times to count in recent years though, and James has said that he is not going to sit around and wait for his younger son Bryce to reach the NBA like many people have assumed of him.
That said, James is still one of the best players in the league with lots more to give the Los Angeles Lakers. He will be a free agent after this year though, and could very well decide that he doesn’t want to go through the open markets again. Furthermore, if James were to announce his retirement, he would likely do it before the start of the season so that he could have a farewell tour around the league.
When will the ‘Second Decision’ be revealed?
James’ post on social media read that the decision will be revealed on Tuesday, Oct. 7 at 12 p.m. ET.
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David Morgan, publisher of the Morgan Report, shares his thoughts on silver as the white metal’s price approaches US$50 per ounce.
He believes silver may be approaching a ‘crossing the rubicon moment,’ but emphasized that its move comes amid a much broader transition in the financial system.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Gold continued to set new records on Monday (October 6), breaking US$3,900 per ounce.
After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August. It quickly reached US$3,500 and continued on up, rising as high as US$3,972.60 on on Monday.
The yellow metal is up about 9 percent in the last month, and nearly 50 percent year-to-date.
Gold price, December 31, 2024, to October 6, 2025.
Gold’s latest rise began last week, after US Congress failed to reach an agreement on a spending bill ahead of the new fiscal year, triggering a government shutdown. The closure is now on its sixth day, with a key sticking point between Democrats and Republicans being an extension to billions of dollars in subsidies for Obamacare.
US President Donald Trump said on Monday that negotiations were taking place with Democrats and ‘could lead to very good things’ in terms of healthcare. However, Senator Chuck Schumer and Representative Hakeem Jeffries, Congress’ two Democrat leaders, said no talks are happening and that the White House ‘has gone radio silent.’
Beyond current events, gold’s rise is underpinned by factors like strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.
Those factors have many experts predicting a rise beyond US$4,000 for the precious metal, likely before the end of the year, although a correction is widely expected beforehand.
Against that backdrop, silver and platinum prices were also on the rise on Monday.
Silver, which broke US$48 per ounce last week, continued to trade above that amount, rising as high as US$48.74. The white metal is approaching its highest price ever and was last at the current level in 2011.
Meanwhile, platinum rose as high as US$1,645.90 per ounce after pushing through US$1,600 last week. Before taking off in May of this year, platinum had been rangebound for about a decade and was last above US$1,600 in 2013.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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