MAGA Billionaires Acquire CNN, Shift Network Towards Trump Ideals
MAGA-aligned billionaires Larry Ellison and his son David have successfully secured a pivotal bid for CNN’s parent company, Warner Bros. Discovery. This acquisition potentially shifts the network’s direction towards pro-Trump ideals.
Bidding War Outcome
Paramount Skydance, led by the Ellisons, outbid Netflix to acquire Warner Bros. Discovery. They increased their offer from $30 to $31 per share, a strategic move that proved decisive.
David Ellison’s Influence
David Ellison’s attendance at Donald Trump’s State of the Union address as a guest of Senator Lindsey Graham underscores his close ties to the former president. This relationship may influence CNN’s future under his management.
Deal Details
- Bidding Amount: $31 per share from Paramount Skydance
- Previous Offer: $30 per share
- Netflix’s Position: Declined to match the offer, citing financial unattractiveness
- Prior Arrangement: Netflix had a $72 billion deal for HBO Max and film studios at $27.75 per share
Change in Leadership
With the acquisition nearing completion, Bari Weiss, known for her MAGA-curious stance, is expected to take control of CNN. Her leadership at CBS News has already faced criticism, contributing to Anderson Cooper’s departure from 60 Minutes.
Impact of the Acquisition
This deal not only includes CNN but also encompasses CBS and HBO, among other subsidiaries. The Ellisons’ history of supporting Trump may lead to significant changes in the editorial direction of these networks.
Conclusion
The acquisition by the Ellison family marks a significant shift in the media landscape, aligning major broadcasting platforms with pro-Trump ideals. As the deal finalizes, many are watching for the impact on CNN and its affiliated channels.
