Tootfinder

Netflix backs out of bid for Warner Bros. Discovery,
-- giving studios,
HBO, and CNN
to Ellison-owned Paramount
Ellison, whose Paramount already owns major studios, entertainment, and news businesses, has warned of significant job cuts.
His ownership of news network CBS has also attracted controversy
and has largely been seen as a sympathetic turn toward the Trump administration,
with reporting critical of the administration shelved
or facing …

Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount | TechCrunch
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.

With Netflix Retreat, Trump Ally Larry Ellison Will Soon Own Warner Brothers, HBO, CNN, CBS, Paramount, Discovery, And Part Of TikTok (Karl Bode/Techdirt)
https://www.techdirt.com/2026/02/27/with-netflix-retreat-trump-ally-larry-ellison-will-soon-own-warner-brothers-hbo-cnn-cbs-paramount-discovery-and-part-of-tiktok/
http://www.memeorandum.com/260227/p97#a260227p97

How Paramount's David Ellison deployed financial backing and political lobbying, including his well-connected chief legal adviser, to beat Netflix and win WBD (Bloomberg)
https://www.bloomberg.com/news/articles/2026-02…

Ellison's takeover of the media and handing it to Saudi Arabia is treason in action
Hang em’ high.
#BillionairesTreason https://mefi.social/@MissConstrue/116320342720457129

For CNN, a Change in Ownership Means a Suddenly Uncertain Future (New York Times)
https://www.nytimes.com/2026/02/27/business/media/cnn-paramount-david-ellison.html
http://www.memeorandum.com/260227/p12#a260227p12

For what its worth. Pretty sure Ellison killed Star Trek cause its too woke for his limited mind.
I did participate in the original campaign to renew the Original TOS (I was like 12) and that worked.
#StarTrekForever
https://www.change.org/p/renew-star-trek-starfleet-academy-for-a-third-season/psf/share

CNN employees and viewers have serious concerns about whether Ellison will uphold CNN's editorial independence amid severe political pressure (CNN)
https://view.newsletters.cnn.com/messages/17722120321108aa883dc7fda/raw

Netflix said on Thursday that it had backed away from its deal to acquire Warner Bros. Discovery,
-- a stunning development that paves the way for the storied Hollywood media giant to end up under the control of rival bidder, the MAGA friendly technology heir David Ellison.
Netflix said that it would not raise its offer to counter a higher bid made earlier this week by Mr. Ellison’s company, Paramount Skydance,
adding in a statement that “the deal is no longer financially a…

Netflix Backs Out of Bid for Warner Bros., Paving Way for Paramount Takeover
The move was a stunning development in the long-running corporate battle for the storied media giant.

Sources: WBD staff are bracing for widespread layoffs as David Ellison wants $6B in "synergies"; the internal mood is grim as staff preferred Netflix's proposal (New York Times)
https://www.nytimes.com/2026/02/28/business/warner-bros-paramount-re…

Abrupt Change for Warner Bros. Prompts Many Grim Faces
Employees at the company had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount.

CNN Braces for Ellison's Control (Oliver Darcy/Status)
https://www.status.news/p/cnn-david-ellison-trump-paramount-wbd-netflix-deal
http://www.memeorandum.com/260226/p136#a260226p136