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#1 out of 1
politics1d ago
This what happens when an insane president takes over the private sector
- Trump seeks to influence the sale of Warner Bros Discovery with CNN ownership changes, signaling direct involvement in a major media deal.
- Paramount’s bid, backed by Middle East funds, faces regulatory scrutiny amid a broader consolidation debate.
- Larry Ellison’s influence at Paramount and the reported removal of DEI policies impact CBS and CNN leadership decisions.
- The FCC and FTC are cited as potential regulators weighing antitrust and political influence in the deal.
- Supreme Court arguments tie presidential power to independence of regulatory agencies in approving deals.
- The piece notes Trump’s involvement comes as he campaigns for greater control over media assets and regulatory outcomes.
- The report emphasizes concerns about concentrating corporate power and its effect on consumer interests and politics.
- Trump’s alliance with Larry Ellison dates back to 2020, with Ellison’s network influencing media strategy.
- The article frames coverage as a test of regulatory independence amid political interference in business.
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