CNN’s future has once again been put into doubt, as Paramount Skydance’s hostile takeover bid for Warner Bros. Discovery reignites
CNN’s future has once again been put into doubt, as Paramount Skydance’s hostile takeover bid for Warner Bros. Discovery reignites uncertainty around the network’s ownership and direction.
The surprise move has thrust CNN and its cable siblings back into the middle of a high-stakes corporate battle just days after Netflix’s deal appeared to offer the channel a reprieve from restructuring, according to The Associated Press.
When Netflix announced plans to acquire Warner Bros.’ studios and streaming assets, CNN seemed poised to remain outside the immediate shuffle. Paramount’s entry changes that calculus entirely, because unlike Netflix, the company wants the cable networks Warner Bros. Discovery intended to spin off — including CNN.
That puts the possibility of a merged news operation with CBS News on the table, especially since Paramount acquired CBS News last summer.
For a network long accustomed to decisive leadership in the Ted Turner era, the current ambiguity feels jarring.
