I suspect CNN division’s financials are crap and violate whatever limited governance constraints PARA has. This prevents them from buying cnn standalone as a spin out from Netflix.

But..they can buy WBD with its aggregated books, integrate it into PARA and piece by piece, sell off everything else except CNN. Avoids the issue with cnn’s poor profitability.

Mission accomplished.

Adding to that debt is going to take them down. Especially when people stop watching the channels and they lose advertisers. That debt is not sustainable.

I was involved with another company doing one of these large multi-billion dollar buy outs. All they did was incur a huge debt and ultimately had to sell the company that they acquired for less than they brought it for.

Thinking they would at least match it. Netflix may have kept its cool and decided "nope".

MAGA was upset when Superman was described as an undocumented immigrant.

Many of them did not like the last WB Superman movie and called it "woke".

Wonder if Ellison is going to force the artists to produce media that is uncritical of Trump or MAGA.

The quality will go way down.