Process
Status Items Highlights Done See section below Claims None Questions None Output None
Highlights
id993462604
Warner Bros. Discovery, of which CNN is a subsidiary, would accept Paramount Skydance’s $111 billion takeover bid, the network is set to be swallowed by the father-and-son oligarch duo of Larry and David Ellison, whose naked alignment with the Trump administration predicated their earlier absorption and regime-friendly retooling of CBS News. (Larry, the Oracle CEO, was also pivotal earlier this year in the purchase of TikTok’s U.S. operations from its Chinese owner,
id993462866
Always right on time, numerous Democrats are now expressing grave concerns over what this next major act of consolidation would mean for the media landscape. But if America genuinely had a problem with such monopolies, media empires from Rupert Murdoch to William Randolph Hearst would never have come into being; instead, American capitalism operates on the belief that a cyberpunk dystopia ruled over by vast, unaccountable mega-corporations constitutes an environment of healthy competition, provided there is more than one mega-corporation at any given time.