CNN is reeling after Netflix dropped its bid to buy parent company Warner Bros. Discovery, paving the way for a potential corporate merger with Paramount. The news affects not only Netflix but also CNN itself, as Paramount’s superior offer includes acquiring the network.
Paramount CEO David Ellison has a close relationship with President Donald Trump and has made headlines for his role in installing Bari Weiss as editor-in-chief of CBS News. This could lead to concerns about liberal bias at both networks.
“We have some breaking news,” said CNN host Jake Tapper, “that affects everybody I’m looking at right now.” The decision leaves the future of CNN uncertain, with staffers feeling a mix of despair, apprehension, and curiosity.
While most corporate mergers result in layoffs, many CNN employees are aware that CBS News has undergone significant changes since Ellison took over last year.
Source: https://www.foxnews.com/media/jake-tapper-ruefully-reveals-cnn-affected-paramounts-looming-takeover-network