"For Trump, the deal represents a second chance to take aim at CNN. During his first term, the Justice Department unsuccessfully tried to block a sale of CNN's parent company, then known as Time Warner, to AT&T. Department officials had sought changes to that deal, including either a spinoff of the television unit that included CNN or a sale of other assets. The president's intervention in corporate dealmaking raises fresh questions about how a transaction might proceed."
"I think the people that have run CNN for the last long period of time are a disgrace. I think it's imperative that CNN be sold."
"are either corrupt or incompetent."
Warner Bros. Discovery faces competing offers: a sale to Netflix and a hostile takeover bid by Paramount. The Netflix proposal excludes cable networks such as CNN, while the Paramount bid would include CNN. Jared Kushner is involved in financing to back Paramount's bid. President Trump has a close relationship with Paramount CEO David Ellison, who reportedly wants sweeping changes to CNN. Trump publicly called CNN's leadership a disgrace and said CNN should be sold, calling current owners "either corrupt or incompetent." The Justice Department previously sought changes to a Time Warner sale, and presidential intervention could affect regulatory review of any deal.
Read at Poynter
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