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Netflix was expected to make a serious run at Warner Bros. Discovery. Instead, after meetings at the White House and the Justice Department, it walked away. Suddenly, the deal was “no longer financially attractive.”

That clears the runway for David Ellison — the Paramount Skydance chief who has made it clear he’s comfortable around Trump World — to take control of Warner Bros., HBO, and CNN.

And inside CNN, panic set in fast.



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