Aug. 15 at 12:38 PM
$BZFD mmh... CNN is no matter what some articles say, at the core of the Paramount WB merger. T gave his full approval to it because he wants/hopes CNN will be then on a control tight leash by his friends the Ellisons... CNN cannot refuse to be sold btw. it belongs almost now to Paramount since WB and Paramount agreed to merge. BA always said he wanted to own CNN. if he secured up to
$4B to buy Paramount for
$24 a share with other investors/banks, he can surely get a deal with investors and banks for CNN estimated value at
$2.5B. CNN would then be a bit more centrist also perhaps a bit back to the CNN of the 90s early 2000s. it has
$1.8B in revs and
$600M in annual profit. more center view would increase these nrs. just thinking out loud.
