Hold the Phones and Pass the Popcorn: Ellison Launches Hostile Bid for Warner, CNN

<![CDATA[The news that Warner Discovery reached a deal to have Netflix acquire their streaming and studio businesses had CNN breathing a bit easier. The competing offer from Paramount and David Ellison would have included the purchase of the cable-news channel, which would have put CNN under the control of CBS News' new president – the woman striking fear into the hearts of Protection Racket Media narrative-amplifiers everywhere. ]]>