# Paramount CEO David Ellison is hosting an "intimate gathering" at the newly-named Donald J. Trump Institute of Peace on April 23.

*business · news · 2026-04-15 · Fox News*

## Key points

- Paramount CEO David Ellison is hosting an event honoring Trump at the renamed Donald J. Trump Institute of Peace.
- Ellison is pursuing a $110 billion merger with Warner Bros. Discovery that would give him control of CNN.
- Trump has demanded new leadership at CNN amid Paramount's bidding war for WBD against Netflix.
- Ellison promised CNN would maintain editorial independence but shift focus to centrist audiences.
- Larry Ellison, a top Trump ally, is financially backing Paramount's bid to acquire WBD.

**Companies:** Warner Bros. Discovery, Paramount
**Countries:** United States

[Read the full story on Fox News](https://www.foxnews.com/media/trump-honored-cnns-potential-new-owner-ahead-white-house-correspondents-dinner)

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