Warner Bros. Discovery, on the other hand, is now officially for sale. Comcast, Apple, and Netflix are all interested in making takeover approaches, and Warner Bros. Discovery CEO David Zaslav and the board have started a formal assessment of these bids.

With the president’s blessing, the Ellisons’ Skydance merged with Paramount, gaining control of CBS News. Now the new giant might gobble up Warner Bros. Discovery, which includes CNN.

The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August.

Paramount Skydance reportedly doesn't intend to pick apart Warner Bros. Discovery if they're able to acquire their competitor.

The Paramount Skydance CEO is “undeterred” after WBD rebuffed his first three offers, sources say, and Ellison’s allies are privately arguing he’s the only buyer who’d pass muster with Trump administration regulators.

Trump's implicit support for the deal is their number one talking point,’ an Ellison adviser told CNN this week.

With one of TV's biggest creators ditching Paramount for NBCUniversal, two Hollywood Reporter writers debate the latest drama at David Ellison's corral.

The industry is rooting for him to revive Paramount. His pursuit of Warner Bros. Discovery has some worried.