WASHINGTON (dpa-AFX) – US President Donald Trump wants the news channel CNN to get a new owner in the billion-dollar deal involving the media group Warner Bros. Discovery. Netflix recently reached an agreement with Warner Bros. (Warner Bros Discovery) to take over the Hollywood veteran; However, experts see competition law hurdles. CNN often reports critically about Trump. He thinks it needs to be guaranteed that CNN will be sold either together with the rest of the group or separately, Trump said at a meeting in Washington.
The president seemed to equate ownership and management: He didn’t think the people who now ran the company and CNN should be allowed to continue. The channel, which often denounces falsehoods told by Trump and gives voice to politicians with different views, spreads “poison” and “lies,” he claimed.
Paramount also wants CNN, Netflix doesn’t
A takeover battle is underway for Warner Bros. Discovery between the streaming giant Netflix and the media group Paramount, which is now owned by the family of the Trump supporter Larry Ellison heard. Among Paramount’s backers is Trump son-in-law Jared Kushner’s investment firm Affinity Partners.
Paramount wants to take over the entire company, including CNN and other television channels, for $108.4 billion (almost 94 billion euros). Netflix, on the other hand, agreed with Warner management on a takeover of the studio and streaming business for almost $83 billion. The TV stations are to be spun off into an independent company.
“Arm of the Democratic Party”
Trump dislikes the idea that the current CNN leadership could continue strengthened with money from the studio sale. He said he thinks the people who have run CNN in recent years are a “disgrace.” The president repeatedly accuses the station – as well as other media outlets – of spreading false news about him and his government. He told a CNN journalist at the event that she worked for an “arm of the Democratic Party.”
At the Paramount broadcaster CBS there were changes in the newsroom after the takeover by the Ellison family. The Warner Bros. Discovery deal is likely to be reviewed by Trump’s Justice Department, which often conducts competition reviews. He already emphasized that he would be involved in any decision to take over – and said that Netflix’s high market share in the streaming business could be “a problem”. Netflix and Warner, on the other hand, were convinced that they could get the deal over the finish line./jv/DP/mis
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