Photographers take photos of President Joe Biden, right, and Republican presidential candidate former President Donald Trump, left, during a break in a presidential debate hosted by CNN, Thursday, June 27, 2024, in Atlanta. (AP Photo/Gerald Herbert)


Despite the concern expressed by most entertainment and media companies regarding Netflix’s acquisition of Warner Bros. Discovery (WBD), employees of the CNN news network, which is affiliated with WBD, feel relieved, according to the American Semaphore website.

The reason for the relief is the failure of Paramount – which competed with Netflix – to acquire the parent company of CNN.

Concern faded from Ellison’s control and Weiss’ management

Paramount, owned by billionaire Larry Ellison, an ally of US President Donald Trump, had aggressively sought to acquire WBD, and revealed its intention to merge the CBS and CNN networks, which will likely lead to staff reductions and major changes.

As federal regulators consider Netflix’s acquisition of WBD’s studio and streaming business, WBD will spin off its cable TV assets, including CNN, into a new company called Discovery Global, by next year.

Paramount aggressively sought to acquire the parent company of CNN and revealed its intention to merge it with CBS and make major changes (Associated Press)

CNN employees remain concerned in the long and medium term, as TV viewership continues to decline rapidly, and the separate network could be sold. However, some insiders said news of the deal was generally met with relief.

In a letter to employees on Friday, Mark Thompson, CEO of CNN, said that the separation will enable the network to continue implementing its strategy to ensure a good future for it by successfully managing the digital transition, noting that the head of the newly separated company, Gunnar Weidenfels, agreed to increase investment in the network, and promised editorial independence.

“Of course, I cannot promise that the media interest and hype around the sale of our parent company will fade away overnight, but I believe the path to the successful transformation of this great news organization remains open,” Thompson said.

Larry Ellison, chairman of Oracle Corporation, center, speaks as President Donald Trump, left, and Masayoshi Son, SoftBank Group CEO, listen in the Roosevelt Room at the White House, Tuesday, Jan. 21, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)
Trump ally, businessman Larry Ellison (center) and his son David are seeking to build an unprecedented media empire (Associated Press)

A disappointment for the efforts of Trump’s ally

Senior White House officials discussed internally last month their support for the idea of ​​Paramount Sky Dance, controlled by Larry Ellison, acquiring Warner Bros. Discovery.

The British newspaper The Guardian said that Ellison often talks to his acquaintances in the White House, and indicated that at least one phone call was made in which it was indicated that some CNN presenters whom Trump is said to hate could be dismissed, including Erin Burnett and Brianna Keilar.

The Nieman Journalism Lab described the White House’s negotiation of the firing of certain CNN presenters with the billionaire who the Trump government would have to approve of its purchase of the network, as extremely immoral and dangerous.

According to the newspaper, the conversation also touched on potential names to replace Burnett, and also discussed the possibility of broadcasting CBS programs such as the famous “60 Minutes” program on CNN. These are proposals that aroused the interest of the White House, according to the Guardian.

In a previous report, The Washington Post reported that President Trump’s ally, businessman Larry Ellison, and his son David are seeking to build an unprecedented media empire, which may reflect on the independence of the American press, due to the conservative political orientation of that family.

The Ellison family’s holdings combine Hollywood with traditional media such as CBS News, and soon a stake in the TikTok platform.



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