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Eliot Rosewater

(33,180 posts)
Sun Jul 20, 2025, 08:47 PM 13 hrs ago

CBS owned by maga Larry Ellison son, can't watch CBS anymore

I guess they are behind the Paramount merger, Paramount+ now is shit and so is CBS too bad because I always like the sitcoms on CBS.

America over

12 replies = new reply since forum marked as read
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CBS owned by maga Larry Ellison son, can't watch CBS anymore (Original Post) Eliot Rosewater 13 hrs ago OP
Not one bit of truth will be seen on CBS News or 60 minutes from now on Eliot Rosewater 13 hrs ago #1
Not Getting This ProfessorGAC 12 hrs ago #2
Ellison's son is the CEO of Skydance. And he's behind the Skydance - Paramount merger. Initech 12 hrs ago #4
I Know All That ProfessorGAC 12 hrs ago #5
Hope you're right, thanks for correcting the record on the numbers. Eliot Rosewater 12 hrs ago #6
Likely Borrowing Against His Holdings ProfessorGAC 12 hrs ago #8
They're screwing over South Park too. Initech 12 hrs ago #3
I am done with CBS & Paramount. My wife too Ars Longa 12 hrs ago #7
n/t Greg_In_SF 12 hrs ago #10
I cancelled Paramount+ today NCDem47 12 hrs ago #9
Larry Ellison is a first class horse's patoot (to give him a Potterism), total dick and I still haven't forgiven him for LT Barclay 10 hrs ago #11
In LA I listen to KNX newsradio BidenRocks 9 hrs ago #12

Eliot Rosewater

(33,180 posts)
1. Not one bit of truth will be seen on CBS News or 60 minutes from now on
Sun Jul 20, 2025, 08:48 PM
13 hrs ago
https://finance.yahoo.com/news/larry-ellison-invests-6-billion-235416135.html


All media now owned by Maga garbage, don’t know about the rest of you but I don’t know how much more of this I can take and I mean that sincerely.

ProfessorGAC

(73,628 posts)
2. Not Getting This
Sun Jul 20, 2025, 08:58 PM
12 hrs ago

How would the Ellisons have that much sway
Larry's uber wealth is mostly because he owns 40% of Oracle, so his share is over $270 billion.
CBS & Paramount are mostly owned by Vanguard, Blackrock & various mutual funds.
Elison's name doesn't appear in the top 25 shareholders of either CBS or Paramount.
David Elison is loaded, but only a half-billion. Admittedly it was in the entertainment industry, but with that kind of capital, he's small potatoes.
Why does either network care what they want?

Initech

(105,672 posts)
4. Ellison's son is the CEO of Skydance. And he's behind the Skydance - Paramount merger.
Sun Jul 20, 2025, 09:01 PM
12 hrs ago

ProfessorGAC

(73,628 posts)
5. I Know All That
Sun Jul 20, 2025, 09:05 PM
12 hrs ago

Still don't see why anybody in those companies cares what a kid with $500 million & a dad who has no interest in either company
Ellison is worth $290 billion.
$275 billion is his stake in Oracle.
And he owns about 5 billion in TSLA.
Not getting why anybody gives a darn about what they think of their companies.
In the entertainment industry, they're nothing.

Eliot Rosewater

(33,180 posts)
6. Hope you're right, thanks for correcting the record on the numbers.
Sun Jul 20, 2025, 09:05 PM
12 hrs ago

However what I read is $8 billion merger and Ellison is funding 6 billion of it.

Is that wrong?

ProfessorGAC

(73,628 posts)
8. Likely Borrowing Against His Holdings
Sun Jul 20, 2025, 09:25 PM
12 hrs ago

Given the numbers I found he doesn't have that kind of liquidity.
But, I doubt any investment bank would blink at lending money to someone that has 48x the amount needed to repay the whole principal.
More than likely, he's backing a loan, so it's not technically his money.

LT Barclay

(3,047 posts)
11. Larry Ellison is a first class horse's patoot (to give him a Potterism), total dick and I still haven't forgiven him for
Sun Jul 20, 2025, 11:46 PM
10 hrs ago

screwing up the America's Cup. Part of the fun of it was watching millionaires and billionaires wreck their fortunes competing against one another. Then he had to go and use NASCAR as a model to try to make it profitable. He did get his wish in one way and the America's Cup had it's first death a few years back.

BidenRocks

(1,854 posts)
12. In LA I listen to KNX newsradio
Mon Jul 21, 2025, 12:02 AM
9 hrs ago

Now I understand the slanted interviews after a disaster. They are part of CBS.
They find the Karens' and the Democratic leadership bashers and give them extended airtime to attack Gov. Newsom and Mayor Bass.

How obvious? I wrote them and called them out.

We'll look into it. Another Chumpian response.

Trust level lowered. Same with 60 Minutes.

The same with America. No trust, No credibility!

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