Trump allies edge closer to CNN parent company deal

A potential media industry shake-up could bring Donald Trump closer to influencing one of the news networks he has long criticized: CNN.

For years, Trump has repeatedly attacked CNN, accusing the network of bias and dishonesty. During the 2016 presidential campaign, chants of “CNN sucks!” became common at his rallies, and he has frequently criticized CNN journalists such as Kaitlan Collins.

Now, a new corporate deal could reshape the media landscape.

Paramount Skydance is moving closer to acquiring Warner Bros. Discovery, the parent company of CNN. If finalized, the acquisition would place one of the most prominent cable news networks under the control of a company led by executives known to have friendly ties with Trump.

The deal is not final and may face regulatory scrutiny from state attorneys general and antitrust authorities. However, developments this week strengthened Paramount Skydance’s position after Netflix withdrew its competing bid for Warner Bros. Discovery.

Netflix had previously received approval from Warner Bros.’ board and appeared ready to pursue the acquisition. But the streaming giant ultimately stepped back from the bidding process. Reports indicate that Netflix CEO Ted Sarandos recently met with senior Trump administration aides at the White House, though the exact influence of that meeting remains unclear.

Paramount Skydance is led by David Ellison, whose father, Larry Ellison, is among the world’s wealthiest individuals and has maintained friendly relations with Trump.

Media analysts warn the deal could have implications for editorial independence in U.S. journalism. Courtney Radsch said the situation suggests an unusual level of political involvement in major media consolidation.

Critics also point to broader concerns about the political influence of wealthy media owners. For example, Jeff Bezos has previously faced scrutiny over editorial decisions at The Washington Post.

If Paramount Skydance ultimately acquires Warner Bros. Discovery, the change could reshape CNN’s ownership and influence the broader American media landscape. Regulators will now decide whether the deal moves forward.

Key Takeaways

• Paramount Skydance is pursuing an acquisition of Warner Bros. Discovery, CNN’s parent company.

• Netflix dropped its competing bid, strengthening Paramount Skydance’s position in the deal.

• Critics warn the merger could raise concerns about media consolidation and editorial independence.

Trump just got much closer to bringing CNN to heel