"Paramount Skydance finally outbid the streamer this week by offering Warner Bros. Discovery $31 a share, at a total of $111 billion, for everything in its corporate portfolio-and it would not get a financial counter from Netflix in turn. WBD's directors still have to formally accept this outcome, but Paramount Skydance CEO David Ellison, and his superwealthy father, Larry, have won."
"After successfully persuading the Trump administration to grant David's Skydance Media control over Paramount's movie and TV studios, they would now also have oversight of top WBD properties such as CNN and HBO. The news should chill anybody who remembers those reports of Larry meeting with President Donald Trump to discuss axing the liberal CNN hosts they dislike."
"But with this deal on the table, the Ellisons could gain singular control over an unfathomably vast slice of American information and culture: a Paramount Skydance Warner Bro"
Paramount Skydance outbid Netflix for Warner Bros. Discovery at $31 per share, totaling $111 billion, in a deal that consolidates significant media assets under the Ellison family's control. This acquisition grants them oversight of CNN, HBO, and major film and television studios. The deal raises concerns about editorial independence, particularly regarding CNN's future direction, given reports of Larry Ellison meeting with President Trump to discuss removing liberal CNN hosts. While a Netflix acquisition would have threatened theatrical releases and caused programming cuts, the Skydance deal concentrates vast cultural and informational power in one family's hands, potentially reshaping American media landscape.
#media-consolidation #press-freedom #warner-bros-discovery-acquisition #cnn-editorial-control #corporate-power
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