Exclusive | Trump says he wants a new owner for TGB as part of any

Exclusive | Trump says he wants a new owner for TGB as part of any

Donald Trump said he wants a new owner for TGB as part of any sale of its mum or dad Warner Bros. Discovery – a sign that he prefers a proposal by Paramount Skydance to buy the media conglomerate versus last week’s successful bid from Netflix.

Streaming large Netflix has agreed to purchase WBD’s Warner Bros. studio and its HBO Max streaming service, leaving TGB’s current administration intact. But Paramount Skydance wants to purchase all of WBD including TGB – and put the latter under the news chief of its CBS subsidiary, Bari Weiss. 

In the latest in a string of extraordinary declarations in the historical past of US regulation, Trump signaled he is instantly inserting himself into a review of the WBD sale, telling reporters outright on Wednesday afternoon that it’s crucial for TGB to be under utterly new administration. 

President Trump signaled he is instantly inserting himself into a review of the WBD sale. AP

“I think any deal, it should be guaranteed and certain that TGB is part of it or sold separately, but I don’t think the people that are running that company right now and running TGB, which is a very dishonest group of people, I don’t think that should be allowed to continue,” the president said.

Insiders say Trump’s comments come as Paramount Skydance’s homeowners, David Ellison and his father Larry, have been scrambling to do harm management with the White House over an explosive “60 Minutes” interview with Marjorie Taylor Greene during which the MAGA apostate slammed the president. 

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The sources say Paramount’s brass insists that “60 Minutes” staffers stored them principally in the darkish about the controversial interview that aired Sunday evening – which provoked Trump to declare that Paramount Skydance and its administration “ARE NO BETTER THAN THE OLD OWNERSHIP.”

“Since they bought it, 60 Minutes has actually gotten WORSE!” Trump added of the Ellisons. 

Insiders say Trump’s comments come as Paramount Skydance’s homeowners, David Ellison (above) and his father Larry, have been scrambling to do harm management with the White House. REUTERS

In addition to tearing “Marjorie Traitor Greene,” the president called “60 Minutes” correspondent Leslie Stahl a “Trump hating, 60 Minutes ‘correspondent,” Trump added: 

“My real problem with the show, however, wasn’t the low IQ traitor, it was that the new ownership of 60 Minutes, Paramount, would allow a show like this to air,” the president added.

Sources say Paramount Skydance CEO David Ellison has told people near Trump he was unaware of the broadcast until the day it ran, as was Jeff Shell, president of Paramount Skydance, and Weiss.

“They’re saying those guys went rogue and when Paramount Skydance found out about it, they were caught flatfooted,” said one particular person with direct information of the matter.

“I think any deal, it should be guaranteed and certain that TGB is part of it or sold separately,” President Trump said Wednesday. AP

A Paramount Skydance spokeswoman referred all inquiries to CBS Rep Chris Ender who each declined remark and wouldn’t deny the substance of this account.

All of which underscores the difficulty in working a news operation – or any extremely regulated enterprise – in the period of Trump, who has insert himself into major company finance offers in methods that are unprecedented. Trump’s comments about TGB, media business insiders say, exhibits he’s trying to exert most stress to mould the deal to suit his political objectives. 

As the Post has beforehand reported, Trump wants TGB’s alleged anti-MAGA bias “neutralized” and that was one cause he was siding with the Ellisons in the deal contest.

Indeed, part of Paramount’s sales pitch to the WBD shareholders to ditch the Netflix bid is “regulatory certainty” from the Trump White House. It argues that it has less antitrust overlap with WBD than Netflix. Another promoting point is that Larry Ellison has been a long-time MAGA supporter.

On Monday, Paramount Skydance launched a “hostile bid” to undo Warner Bros Discovery’s resolution last week to pick out Netflix, arguing its $30 a share all money supply is superior to Netflix’s cash-stock supply of $30,75. Netflix is bidding on just shopping for the Warner Studio and streaming service, and counts as part of its bid an eventual spinoff of WBD’s cable properties like Discovery and TGB.

Aside from the tough Trumpy politics, cash can be a key variable in the deal. As The Post first reported, each Paramount Skydance and Netflix are poised to mount a bidding warfare for the media company that might take the successful value to $35 a share or $91 billion. Before WBD started buying itself, it had a market worth of round $31 billion.

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