Warner Bros. Discovery preparing to tell shareholders
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President Donald Trump inserted himself directly into the battle for control of Warner Bros. Discovery on Wednesday, saying, “It’s imperative that CNN be sold,” while deriding the network’s news coverage.
The president's comments are notable because the proposed deal with Netflix wouldn't include cable channels owned by Warner Bros. Discovery, such as CNN and TNT.
Kara Swisher has vowed to quit her job as a CNN contributor if Paramount ends up buying Warner Bros. Discovery. “I’m walking right out of there the day they get there,” Swisher told her Pivot podcast co-host Scott Galloway on Friday. “I’m walking, and there’s no way I’m working for these terrible people.”
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Donald Trump Opposes Warner Bros. Discovery Retaining Ownership Of CNN In Any Merger Transaction
Donald Trump weighed in on the potential sale of Warner Bros Discovery, saying he opposes any plan in which the company continues to own CNN.
Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?
Speaking with reporters, President Donald Trump insisted CNN should be included in any sale of Warner Bros. as Netflix and Paramount ramp up their bidding war.
President Donald Trump signaled he’ll oppose a Warner Bros. Discovery Inc. deal that doesn’t include new ownership of CNN, a potential wrinkle for the bid from Netflix Inc.
Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.