business / news / / Fox News
Paramount CEO David Ellison is hosting an "intimate gathering" at the newly-named Donald J. Trump Institute of Peace on April 23.
Paramount CEO David Ellison is hosting an event honoring Trump at the renamed Donald J. Trump Institute of Peace.
KEY POINTS
- 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
Summarized by Newsio from Fox News. How we summarize →