Discovery (WBD) Paramount owns CBS and has already made changes at CBS News, which has been the target of criticism from Trump. Paramount is trying to stop that deal by going straight to shareholders with its own bid for all of WBD, including CNN. The White House press office did not respond to a request for comment. Paramount argues that the Netflix deal is inferior to the $30-per-share offer that it has publicly made for WBD. One of Paramount’s key arguments has centered on the Trump administration and whether regulators will block the Netflix deal.

Source: CNN February 12, 2026 16:54 UTC