The Ellisons are set for a hefty bill.
With a Paramount/Warner Bros Discovery antitrust trial set for March, Paramount will have to pay $7 million a day (roughly $1.2-1.3 Billion depending on when the trial ends) to Warner Bros because of the closing delay.
LARRY ELLISON:
"YOU'RE CALLING ELON AN IDIOT?
THE GUY IS LANDING ROCKETS ON DRONE SHIPS IN THE OCEAN.
YOU EVER LAND A ROCKET?
I JUST WANT TO KNOW WHO YOU ARE SO I KNOW...
WHAT HAVE YOU ACHIEVED?"
Trump-backed billionaire David Ellison recently purchased CBS. Now he wants to take over CNN and the rest of Warner Bros.
A coalition of state attorneys general sued to stop it.
Now the deal is on hold. Good.
We must stop corporate media consolidation.