Trump’s Views on Netflix’s Warner Bros. Acquisition
President Trump has voiced his concerns regarding Netflix’s acquisition of Warner Bros. Discovery, suggesting that CNN should be included in the deal or sold separately.
During a meeting with business leaders at the White House, Trump made his stance clear, stating, “I think that’s what any deal should be. There should be a guarantee and certainty that CNN is either part of it or sold separately.” He also expressed his belief that the current leadership at CNN is not trustworthy, asserting, “I don’t think that should continue. I think CNN should be sold with everything else.”
As noted by others, Paramount Skydance has shown interest in acquiring CNN, seeing it as a potentially lucrative opportunity. Reports suggest that Larry Ellison and his team are aiming to take over CNN and its cable news branch.
One broadcast executive mentioned that the Ellisons view CNN as a worthwhile investment, even amid its challenges. President Trump reportedly wants the Ellisons to do for CNN what they have done at CBS—hire talent like Bari Weiss to reduce perceived biases in reporting.
If Paramount Skydance emerges victorious in the bidding war, Weiss might play a role in redefining CNN’s editorial policies.
Industry lawyers have indicated that the Ellisons may have a short six-month window to get the necessary approvals. Comparatively, delays for other companies like Comcast and Netflix could stretch much longer.
Despite CNN’s current hurdles, some insiders highlight its solid international network, which still yields approximately $500 million in annual profits.
However, Trump has clarified that he won’t take sides in the bidding. He noted, “I know the companies well. I know what they do,” but underscored the importance of understanding the market dynamics involved.
He also expressed willingness to consider Netflix’s position but cautioned that regulatory hurdles could complicate proceedings. While speaking to reporters at a recent event, Trump acknowledged having met Ted Sarandos, Netflix’s co-CEO, and indicated that potential antitrust issues could pose challenges for the deal.
“I’ll be involved in that decision,” he stated, referring to Netflix’s proposed $83 billion acquisition of Warner Bros. He emphasized that the process would unfold as it should.
Trump did compliment Sarandos, referring to him as “a great guy” but also highlighted concerns about Netflix’s significant market share, which could result in complications.
Sarandos mentioned in a recent investors’ call that he anticipates the deal with Warner Bros. to finalize within 12 to 18 months, asserting confidence in obtaining necessary approvals and reinforcing the transaction’s consumer-centric benefits.
Amid discussions, Sarandos conveyed to Trump that with Warner Bros. included, Netflix could rival platforms like YouTube in size, although it would still hold a smaller share compared to some media giants.
