Trump's Authoritarian Propaganda Machine
Larry Ellison and his son David Ellison have won the bid to acquire Warner Brothers Discovery in a $110 billion deal, edging out Netflix. The Ellisons, close allies of Donald Trump, are financing the purchase with $70 billion in debt, including roughly $25 billion from Middle Eastern sovereign wealth funds. The final price of $31 per share was more than four times the recent low of Warner Brothers Discovery stock.
What this means for American media is staggering. The Ellisons already control CBS and CBS News through their earlier $8 billion Paramount merger. This new deal adds CNN, HBO, HBO…
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