Media Consolidation

Media Control Under the Rock

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Article in by Saurav Sarkar, 3/5/26

Headline:  “Three Massive Funds Control a Chunk of Most Media:”
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Subhead:  “Maybe that’s why you might not have heard of them”

“Recently, FAIR (2/3/26) took a look at the owners of the biggest online media outlets. It focused on the controlling owners of those outlets, which are mostly publicly traded corporations. But a lot of the money—about $2 trillion dollars—invested in the top 50 online media outlets in the US is not the controlling owners’. Rather, it is possessed by minority institutional investors that manage assets for others.

“Take BlackRock, Inc., for instance. Innovation & Tech Today (7/8/22) called it ‘the biggest company you’ve probably never heard of.’ The multinational’s influence comes from the $13.5 trillion it manages on behalf of retirement funds, governments, other corporations and individual investors. . .”

Read the full article at:

https://fair.org/home/three-massive-funds-control-a-chunk-of-most-media/

Slithering Around All The Media

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Article in The Ringer by Brian Phillipsm 3/3/26

Headline:  “The Terrifying Tentacles of Paramount’s Media Empire”

Subhead:  “The Ellisons are building a multicorporate network of data mining, surveillance, news, and entertainment. What could possibly go wrong?”

“What are the Ellisons building? I wonder if even they know. Last week, the news broke that the superbillionaire family had beaten out Netflix—or sort of beaten out Netflix? after Netflix had initially won?? and then the Ellisons swooped in and reversed the outcome through a combination of no-holds-barred political maneuvering and saying the biggest number???—in the battle to acquire Warner Bros. Discovery and its sprawling stable of media assets. . .”

Read the full article at:

https://www.theringer.com/2026/03/03/media/paramount-warner-bros-discovery-larry-ellison-david-merger-netflix7:37 PM 3/5/2026

Will New Owner Melt CNN?

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Article in Poynter by Tom Jones, 3/2/26

Headline:  “Opinion | CNN’s coverage of Iran is a reminder of its power — and what could be lost in the wrong hands”

Subhead:  “The network’s all-hands coverage of the strikes shows exactly what’s at stake as a potential sale to Paramount raises fears inside the newsroom”

“At some point overnight Friday into Saturday, while battling insomnia, I was catching up on some programs I had recently recorded. When I was done and about to head to bed, I went back to cable and came across a startling overnight breaking news alert: The United States and Israel had launched coordinated attacks on Iran. . .”

“As someone who writes about the media and has a special interest in it, I couldn’t help but wonder what CNN will look and sound like when, eventually, it will come under the control of Paramount, with CEO David Ellison, and, perhaps, CBS News, with editor-in-chief Bari Weiss?. . .”

Read the full article at:

https://www.poynter.org/commentary/2026/what-will-happen-cnn-sale-paramount/

Whither Goest CNN?

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Article in Poynter by Tom Jones 2/27/26

Headline:  “Opinion | CNN future in question after Thursday’s stunning Warner Bros. Discovery sale news”

Subhead:  “Paramount’s bid for Warner Bros. Discovery puts CNN’s future and its editorial independence in question”

“What does the future hold for CNN?

“That’s one of the big media questions following the stunning news that broke Thursday evening. Netflix has decided to withdraw its pursuit of Warner Bros. Discovery. That now paves the way for David Ellison’s Paramount Skydance to take over WBD, including cable news network CNN . . .”

Read the full article at:

https://www.poynter.org/commentary/2026/netflix-pulls-out-warner-bros-discovery-paramount-deal/

Media Deal or Not?

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Article in The Guardian by Coral Murphy Marcos, 2/27/26

Headline: ” ‘Not a done deal’: California vows ‘vigorous’ review of Paramount-Warner Bros takeover”

Subhead: “Attorney general says $111bn deal will be investigated amid concerns over monopoly power and job losses”

“Rob Bonta, California’s attorney general, said his office will investigate a possible merger between Paramount Skydance and Warner Bros Discovery, hours after Netflix backed away from a planned takeover. . .”

”Bonta said in a post on X. ‘These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation, and we intend to be vigorous in our review.’ . . . ”

Read the full article at:

https://www.theguardian.com/us-news/2026/feb/27/california-paramount-warner-bros

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Article in Media Matters by Matt Gertz, 2/26/26

Headline:  “With Paramount set to take over WBD, Trump just steered a major news outlet into the hands of a crony”

Subhead:  “He wants to turn America into Hungary”

“Another major media conglomerate teeters on the precipice of being absorbed by a deep-pocketed ally of President Donald Trump and his administration.

At the end of last week, Netflix had a signed deal to purchase the theatrical and streaming divisions of Warner Bros., with the company’s cable division — including CNN — set to be spun off into a separate company. Netflix had previously defeated a rival offer for all of Warner Bros. from Paramount, the media conglomerate owned by David Ellison, a Trump favorite and the son of the president’s buddy Larry Ellison, the billionaire. . .”

Read the full article at:

https://www.mediamatters.org/cnn/paramount-set-take-over-wbd-trump-just-steered-major-news-outlet-hands-crony

More Grabbing ALL the media

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Article in the New York Times, by By Lauren HirschMichael M. Grynbaum and Benjamin Mullin, 2/26/26

Headline:  “Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover”

Subhead:  “The move was a stunning development in the long-running corporate battle for the storied media giant.”

“Netflix said on Thursday that it would not counter Paramount’s higher bid for Warner Bros. Discovery, a stunning development that essentially assures the media giant will end up under the control of a rival bidder, the technology heir David Ellison.

“Netflix had beat out Paramount in December to sign an $83 billion deal to acquire a large portion of Warner Bros. Discovery’s business, including HBO and the storied Warner Bros. movie studio. The acquisition was poised to cement Netflix, once a striving outsider to the film and entertainment business, as the pre-eminent juggernaut of Hollywood. . .”

Read the full article at:

https://www.nytimes.com/2026/02/26/business/warner-bros-discovery-paramount-deal-netflix.html

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Article in The Hill by Dominick Mastrangelo, 2/26/26

Headline: “Paramount wins bid to acquire Warner Brothers Discovery after Netflix bows out”

“Netflix on Thursday said it would not match a bid from Paramount seeking to acquire Warner Brothers Discovery, the sprawling media empire that includes legacy brands in news and entertainment like CNN and HBO.

“News of the streamer bowing out of its deal with Warner Bros. Discovery came just minutes after the David Zaslav-led company said it considered the hostile bid mounted by Paramount to be a ‘superior’ offer to the one it struck with the streamer late last year. . .”

Read the full article at:

https://thehill.com/homenews/media/5757985-netflix-declines-warner-discovery/

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Article in Free Press by Staff, 2/26/26

Headline: “Paramount Skydance’s Takeover of Warner Bros. Is Bad News for Workers, Consumers and Free Expression”

“On Thursday, the Warner Bros. Discovery board decided to abandon its plans to sell the company to Netflix in favor of a Paramount Skydance bid. . .”

Free Press Co-CEO Craig Aaron said:  “The Netflix deal was disastrous but this new one is even worse. The idea that Paramount should be allowed to control CBS and CNN should be unthinkable, especially given their record of turning the Tiffany Network into a trash heap. The Ellisons have already promised the Trump administration that they’ll make sweeping changes to CNN given the chance, and we know what that means: firing journalists, spiking important stories, and replacing the news with empty propaganda. . .”

Read the full article at:

https://www.freepress.net/news/paramount-skydances-takeover-warner-bros-bad-news-workers-consumers-and-free-expression

Feasting on the Remains?

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Shutterstock

Article in Status by Natalie Korach, 2/22/26

Headline:  “Picking off the Post”

Subhead:  “After The Washington Post’s retreat from local news and sports, rival outlets are racing to fill the void, scooping up displaced talent and capitalizing on the opportunity.”

“In the weeks since The Washington Post largely abandoned its local coverage of its namesake city—gutting its metro team and shuttering its sports desk—a question has hovered over Washington’s media circles: Will another outlet make a serious play for the territory?

“Washington is one of the country’s largest and wealthiest media markets, home to some 6 million residents across the metropolitan area. And in the aftermath of The Post’s sweeping round of layoffs that cut more than a third of the newsroom, a meaningful gap has opened in local coverage. . .

Read the full article at:

https://www.status.news/p/washington-post-local-sports-coverage

CBS Loses Training Wheels?

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Article in Poynter by Tom Jones, 2/19/26

Headline:  “Opinion | CBS keeps finding new ways to have a bad week”

Subhead:  “Anderson Cooper’s exit from ‘60 Minutes’ and Stephen Colbert’s clash with the network add to months of ugly news for CBS“

“It has been another awkward and miserable week at CBS.

“The network has been in the news a lot. And not in a positive way.

“First, CBS News lost one of the most respected journalists in the business when Anderson Cooper announced he was stepping away from the venerable ’60 Minutes’ after nearly two decades. . .”

“Then came the whole Stephen Colbert drama. . .”

Read the full article at:

https://www.poynter.org/commentary/2026/cbs-news-anderson-cooper-stephen-colbert/

Media in Crisis?

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Article in Common Dreams by Victor Packard, 2/17/26

Headline:  “Why the US Media Is in Crisis and How to Rescue It”

“What we’re witnessing isn’t a singular breakdown, but discrete and cascading layers of ‘media capture’ by capitalists, oligarchs, and authoritarians that produce censorship, exclusion, and democratic failure.

“From the recent gutting of the Washington Post to the rightward lurch of CBS, the sheer proliferation and variation of media failures and attacks on the press during Trump 2.0 are difficult to grasp. Regulatory bodies have become political weapons. Major news organizations have complied and retreated. Media ownership has consolidated in the hands of a few feckless billionaires. Taken together, these developments endanger our information and communication systems, our First Amendment freedoms, and our democracy. . .”

Read the full article at:

https://www.commondreams.org/opinion/us-media-crisis

More Gloming Up Media?

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Article in Reuters by Milana Vinn & Dawn Kopecki, 2/17/26

Headline:  “Warner Bros rejects revised Paramount bid, but remains open to a final offer”

Warner Bros Discovery (WBD.O), opens new tab on Tuesday rejected Paramount Skydance’s (PSKY.O), opens new tab latest $30-a-share hostile bid, but gave the rival Hollywood studio seven days to submit a “best and final” offer to top an existing agreement to sell its businesses including HBO Max and “Harry Potter” franchise to Netflix.

“Paramount informally broached an even higher per-share price of $31, Warner Bros said, apparently enticing the board to the table. But its response to Paramount indicates Warner Bros prefers its deal with Netflix, and the odds of a switch are long. . .”

Read the full article at:

https://www.reuters.com/sustainability/sustainable-finance-reporting/warner-bros-rejects-paramounts-revised-offer-gives-studio-week-negotiate-better-2026-02-17/