Warner Bros. Discovery, on the other hand, is now officially for sale. Comcast, Apple, and Netflix are all interested in making takeover approaches, and Warner Bros. Discovery CEO David Zaslav and the board have started a formal assessment of these bids.

Barry Diller, the entertainment mogul who led Paramount for a decade in its heyday, said in an email, “Most people, coming into senior executive positions, on scrutiny, fail to impress. David Ellison, on scrutiny, continues to impress.”

David Ellison's $23.50/share offer to acquire Warner Bros. Discovery and merge it with Paramount Skydance was rejected. How high will he go?

A bidding war could take the total price of WBD from around the $50 billion Ellison is currently eyeing to upwards of $60 billion – which is exactly what WBD’s deal-savvy CEO David Zaslav

Trump's implicit support for the deal is their number one talking point,’ an Ellison adviser told CNN this week.

Sheridan struck up a five-year deal with NBCUniversal that will start on January 1, 2029. NBCUniversal will be trusting the entertainment genius to making film and television for their linear and streaming platforms. David Glasser, a close collaborator of Sheridan’s, will also be moving to NBCUniversal… as will Glasser’s 101 Studios.

Paramount CEO David Ellison wants to merge the content library of HBO Max into Paramount Plus, according to a report published this week.

With the president’s blessing, the Ellisons’ Skydance merged with Paramount, gaining control of CBS News. Now the new giant might gobble up Warner Bros. Discovery, which includes CNN.