The Damage Report
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Paramount CEO Left SCRAMBLING Over CNN Takeover Backlash As Merger Deal In Jeopardy
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August 4, 2026
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11:09Now PlayingParamount CEO David Ellison is left scrambling over surging backlash surrounding the potential takeover deal that would allow for a CNN makeover, similar to the one that happened at CBS to be more Trump favoring. John Iadarola and Trae Crowder break it down on The Damage Report. Leave a comment with your thoughts below!
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David EllisonIn Defense of the ParamountWarner Deal
"Many people have weighed in on Paramount’s agreement to acquire Warner Bros. Discovery — media analysts, power brokers, political commentators, competitors and, of course, lawyers. For a transaction of this size, that is expected and appropriate. The one person you haven’t heard from is me.
There is a reason for that. I believe that anyone who oversees a news organization — I am chief executive of Paramount, which owns CBS — shouldn’t put a finger on the scale, especially on matters involving his own company. So when California’s attorney general, 11 other state attorneys general and, a day later, the Writers Guild of America sued to stop the deal, I stayed quiet. I quickly learned such restraint has costs. While I was silent, others were happy to write my story for me. No more."
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