Paramount emerged victorious in the fight to buy Warner Bros. Discovery after Netflix said it wouldn’t match the David Ellison-led company’s latest offer for the iconic Hollywood property. The news sent Netflix shares soaring 10% after hours, demonstrating what the market thought of the deal (not to mention $2.8 billion breakup fee).
Assuming regulators approve, and they will, Paramount will own not only Warner Bros. and HBO, but also many popular cable networks including the nevertrump collective known as CNN, TNT, TBS and Food Network. The deal would represent a major ground shift for the entertainment industry, which is trying to adapt to seismic shifts in audience habits and technology. While Democrats - both in the Hill and certainly in Hollywood, as actors were terrified they would face mass layoffs after a Netflix combination - hated the Netflix acquisition, they are about to hate Paramount, which is owned by Trump friend David Ellison, who also owns TikTok and, recently, CBS, even more. That's because once the transaction closes, the company will add that unhinged far-left echo chamber known as CNN to a portfolio that already includes CBS News, effectively leaving the far left lunatic fringe with only MSNBC or whatever it's called these days.Ellison has revamped CBS News since taking over Paramount. He installed Bari Weiss, the founder of the digital news and opinion outlet The Free Press, as editor in chief and has said he wants CBS News “to speak to that 70% of the audience that would really define themselves at center-left to center-right.” That particular transaction has so far been a disaster, with CBS losing countless viewers on both sides of the aisle as a result.
In a memo to staff, CNN President Mark Thompson said “don’t jump to conclusions until we know more.”
Actually jump: “The idea that Paramount should be allowed to control CBS and CNN should be unthinkable,” said Craig Aaron, co-CEO of media advocacy group Free Press, adding that the new owner promised President Trump they would “make sweeping changes to CNN given the chance, and we know what that means.”
Yes we do: and to all the soon-to-be-fired CNN staffers we would suggest to "learn to code", only that nowadays is an even more sure way of being unemployed than working at the CNN echo chamber.
Assuming regulators approve, and they will, Paramount will own not only Warner Bros. and HBO, but also many popular cable networks including the nevertrump collective known as CNN, TNT, TBS and Food Network. The deal would represent a major ground shift for the entertainment industry, which is trying to adapt to seismic shifts in audience habits and technology. While Democrats - both in the Hill and certainly in Hollywood, as actors were terrified they would face mass layoffs after a Netflix combination - hated the Netflix acquisition, they are about to hate Paramount, which is owned by Trump friend David Ellison, who also owns TikTok and, recently, CBS, even more. That's because once the transaction closes, the company will add that unhinged far-left echo chamber known as CNN to a portfolio that already includes CBS News, effectively leaving the far left lunatic fringe with only MSNBC or whatever it's called these days.Ellison has revamped CBS News since taking over Paramount. He installed Bari Weiss, the founder of the digital news and opinion outlet The Free Press, as editor in chief and has said he wants CBS News “to speak to that 70% of the audience that would really define themselves at center-left to center-right.” That particular transaction has so far been a disaster, with CBS losing countless viewers on both sides of the aisle as a result.
In a memo to staff, CNN President Mark Thompson said “don’t jump to conclusions until we know more.”
Actually jump: “The idea that Paramount should be allowed to control CBS and CNN should be unthinkable,” said Craig Aaron, co-CEO of media advocacy group Free Press, adding that the new owner promised President Trump they would “make sweeping changes to CNN given the chance, and we know what that means.”
Yes we do: and to all the soon-to-be-fired CNN staffers we would suggest to "learn to code", only that nowadays is an even more sure way of being unemployed than working at the CNN echo chamber.
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