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Just caught something pretty wild about what's happening at CNN. So Paramount Skydance is trying to buy Warner Bros. Discovery for $110 billion, and that deal includes CNN. Nothing unusual there on the surface, right? Except here's where it gets interesting.
Trump and his Defense Secretary Pete Hegseth have been openly cheerleading for David Ellison—a Republican billionaire and son of Oracle founder Larry Ellison—to take over the network. Like, they're not even being subtle about it. Trump literally went on record saying the Ellison family are "great people," and Hegseth straight up said "the sooner David Ellison takes over that network, the better." That's... pretty direct.
What makes this particularly noteworthy is that Larry Ellison has been financially backing this whole deal. The tech billionaire has basically bankrolled Paramount's acquisition attempt, and he's also a close ally to Trump. So you've got this interesting dynamic where Larry Ellison's money is helping his son David position himself as a potential media mogul, while the current administration is publicly endorsing the move.
Here's the thing though—the Justice Department still needs to approve this merger. And according to William Baer, who used to run antitrust at the DOJ under Obama, this whole situation is basically saying the quiet part out loud. His take? "Antitrust merger review is supposed to be about what benefits competition and consumers. This administration is saying the quiet part out loud: We will put our thumb on the scale, regardless of the merits, to benefit our friends and punish our enemies without regard to the law."
So what we're really watching here is whether regulatory approval becomes more about political alignment than actual antitrust concerns. CNN has been a longtime target of Trump's media criticism, and now you've got a scenario where his administration could potentially influence who controls the network. The Ellison family connection adds another layer—Larry Ellison's wealth and Trump's political backing creating a pretty compelling package for David Ellison to run one of America's biggest news organizations.
It's the kind of thing that makes you think about who controls media narratives and how close the lines between business, politics, and power really are these days.