""I think any deal should - it should be guaranteed and certain that CNN is part of it or sold separately," Trump said during a meeting with business leaders Wednesday at the White House. "I don't think the people that are running that company right now and running CNN, which is a very dishonest group of people, I don't think that should be allowed to continue," he added. "I think CNN should be sold along with everything else.""
"Netflix has agreed to buy the Warner Bros. TV and film studios and its HBO business in a deal valued at $27.75 a share. Warner Bros. plans to spin off its cable channels, including CNN, before it closes the Netflix transaction. The spinoff is scheduled for the third quarter of next year, with Warner Bros. Chief Financial Officer Gunnar Wiedenfels named to lead the business."
"Hollywood and Washington have been closely monitoring the president's comments on the possible deals. Paramount Skydance Chief Executive Officer David Ellison's father, software billionaire Larry Ellison, is a Trump supporter. The Wall Street Journal reported David Ellison promised Trump sweeping changes at CNN, which has long drawn complaints from the president, if he took control of the network's parent company. Trump's son-in-law, Jared Kushner, has also been involved in setting up financing for Ellison's competing offer."
President Donald Trump signaled opposition to any Warner Bros. Discovery transaction that does not transfer ownership of CNN or result in a separate sale of the network. He characterized current CNN management as dishonest and said they should not be allowed to continue or be rewarded financially by a sale. Netflix agreed to buy Warner Bros. TV and film studios and HBO for $27.75 a share while Warner plans to spin off cable channels including CNN, with CFO Gunnar Wiedenfels to lead the spun-off business. Paramount Skydance has offered $30 a share for all of Warner Bros., including CNN, and David Ellison and Jared Kushner are linked to the competing bid.
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