Andrew Sage
๐ค SpeakerAppearances Over Time
Podcast Appearances
was banned last year under the Biden administration, sort of bafflingly, and then Trump sort of just broke the law and made it still be usable, but has been trying to force TikTok to be sold to American buyers, and the conglomerate that's supposed to buy it is a Larry Ellison thing.
So he's also attempting to buy TikTok.
And finally, the story we're going to close on is that Larry Ellison has been doing a hostile takeover bid of Warner Brothers.
Now, Warner Brothers currently is set to be bought by Netflix.
Larry Ellison kept on submitting bids to them, and his efforts to actually get the purchase to go through were consistently denied.
But, comma, in the wake of that, they're attempting to do a hostile takeover bid where they just go to the shareholders directly and try to buy them out at what they claim is a higher share price.
I'm not going to go into that whole thing.
But what is interesting for our purposes is that David Ellison, who's the guy running Paramount, who's the guy who's been directly running the ideological purges...
has met several times with Trump, and last time they met Trump, has promised that he would change the coverage of CNN in order to make it better for Trump.
Now, it's also worth noting that buying CNN is not part of the deal for the Warner takeover bid by Netflix, right?
If Netflix takes over Warner Bros., they don't get CNN.
Under Paramount and Larry Ellison's deal, they would get CNN.
Now, even though CNN has done a whole bunch of unhinged shit, like having Ben Shapiro on to do fucking election coverage,
Jesus fucking Christ, okay?
Trump has still been mad at them for reporting even a tiny bit critically about his administration.
And Trump has been kind of refusing to pick a side directly in terms of the takeover bid for Warner Brothers and the fight between Netflix and Paramount.
But he's now said that he wants to make sure that CNN is sold and that it should get new leadership, presumably along the style of what happened with CBS.
And so this is sort of the final phase of all of this, right?
Which is Trump administration has the ability to use its quote-unquote antitrust power in order to stop one of these two companies from doing this buyout.