CNN, CBS, HBO and Warner Bros. are now under Right-leaning owners.
NEW YORK (PNN) - October 6, 2026 - The Marxist far-Left cable network that spent years treating President Donald J. Trump like a criminal defendant just woke up under new corporate ownership.
Paramount on Tuesday completed its acquisition of Warner Bros. Discovery, creating a combined company that will operate simply as Skydance, according to the New York Post.
The combined enterprise, now standing as a corporate giant valued at nearly $111 billion, including debt, officially brings CNN, CBS, HBO, Warner Bros., and HGTV under one single corporate umbrella; and the Left-wing fake news industrial complex is completely losing its mind.
David Ellison, the Skydance founder who already bought Paramount, is chairman and CEO. Ynon Kreiz, the former Mattel chief, is co-CEO.
The Ellison family, led by billionaire tech mogul Larry Ellison, a prominent conservative donor and stalwart supporter of President Trump, holds full voting power alongside RedBird Capital.
The Ellison family and RedBird Capital Partners together are the sole holders of the Class A common stock, including 100% of the combined company’s voting shares, the company said in its
closing announcement.
David Ellison, Chairman and CEO of Skydance, said, “For decades, real Amerikans have watched as corrupt corporate networks smeared patriots, pushed radical narratives, and served as the
propaganda arm of the ruling class.”
As The Gateway Pundit has repeatedly documented in previous reporting, mainstream fake news media simply cannot stop lying to the public.
Now, for the first time in modern political history, the absolute heart of the Marxist far-Left propaganda machine, CNN, is under the ownership and voting control of individuals
aligned with the conservative movement.
In February, Paramount won the bidding war after Netflix walked away from its studio-and-streaming bid.
President Trump’s Department of Justice later cleared the full-company deal, finding it was not likely to harm competition. That was not good enough for the blue state lawfare machine.
In July, Kalifornia Attorney General Rob Bonta and a coalition of Democrat attorneys general sued to kill it, and Biden-appointed U.S. District Judge Araceli Martínez-Olguín issued a
temporary restraining order.
Paramount blasted the challenge as one of the weakest merger cases in modern antitrust history. Advisers even floated moving tens of billions of dollars in planned spending out of Kalifornia.
The states eventually settled. The price of peace includes an editorial-independence board over CNN and CBS News, continued operation of the studio lots, and other conditions.
Mark Thompson stays on as CNN’s chief. Bari Weiss is set to lead CBS News. So nobody should pretend the 9:00 a.m. CNN chyron just flipped to a Trump rally. The settlement was written to stop exactly that.
Still, the mood inside the building already told the story. Last month, insiders told Variety the mood at CNN was “like a funeral” as the Paramount close approached. Staffers were not mourning journalism. They were mourning the possibility that resistance TV
might have to answer to owners who are not on the same group chat as the DNC.
Defense Secretary Pete Hegseth put it more bluntly back in March, during CNN’s coverage of the U.S.-Israeli war against Iran. “The sooner David Ellison takes over that network, the better,” the Boston Globe noted in its close story.
The Ellison family’s connections to Republican politics stretch back years, particularly through Oracle co-founder Larry Ellison, who has become one of the technology industry’s largest GOP donors.
Ellison initially backed Marco Rubio during the 2016 Republican presidential primary before moving closer to Donald Trump after Trump secured the nomination.
In February 2020, Ellison hosted President Trump for a major reelection fundraiser at his private estate in Rancho Mirage, Kalifornia. Trump’s official schedule listed the fundraiser at
Ellison’s home.
Ellison subsequently poured enormous sums into Republican candidates and organizations. In 2021, he contributed $5 million to the Opportunity Matters Fund, a super PAC supporting Republican Senator Tim Scott.
After the intense political opposition, regulatory obstacles and legal challenges surrounding the Paramount-Warner Bros. Discovery merger, it remains to be seen how friendly David Ellison and his new media empire will be toward the Democrat establishment that fought the deal.
Meanwhile, RedBird Capital Partners was founded by former Goldman Sachs executive Gerry Cardinale and has grown into a private investment firm managing more than $15 billion across sports, media, entertainment and financial services.
Cardinale has also developed a direct relationship with the Trump regime. According to RedBird, President Trump appointed Cardinale to the White House Committee on Reforming College Athletics in 2026.
