World’s Richest Man Reportedly in Talks to Buy CNN

His credibility rejuvenated by a series of timely scoops about the TikTok deal talks which eventually went nowhere, Fox Business Senior Business Correspondent Charles Gasparino has just broken what, if accurate, would be one hell of a media industry scoop.

Gasparino reports that Amazon founder and CEO Jeff Bezos, the proprietor of the Washington Post since he bought what was then a struggling national paper with shrinking appeal beyond the Beltway, is in talks to also buy CNN from AT&T as the telecoms giant looks to shed assets to pay down some of the massive debt accrued from building out 5G networks nationwide.

Combining CNN and the Washington Post officially under the same media umbrella, with Bezos as a kind of Rupert-Murdoch-On-Steroids, would hand the world’s richest man even more power to influence public opinion and implement his agenda.

On Twitter, Gasparino’s tweet is already drawing attention from MSM reporters.

Others found the reports amusing.

We don’t need to go into more detail here about what a difficult year it has been for the media business. If Bezos wants to combine both the cable news station and the paper, ensuring various “synergies” (aka layoffs) in the process, then he certainly has the checkbook for it.

To be sure, talks about massive media deals often pans out. A few years ago, people were reporting that Trump was going to resign in order to start his own competitor to Fox News. But if it did happen, some questions to keep in mind: Would Jeff Zucker, Trump’s former top producer at “The Apprentice” and the head of CNN, remain in place? Or would Bezos push him out. And would he use the channel to settle petty scores with lawmakers who pushed for the breakup of Amazon?

Trump is of course a hated enemy of Bezos, and has attacked the billionaire not only on Twitter, but by pushing for the antitrust scrutiny that Amazon is now facing under Trump’s watch. We can’t imagine Trump would sit back and just let such a deal proceed, though if he doesn’t win next Thursday, he might not have a choice.

Would he bring in his mistress, a former TV anchor, for an on-camera spot? Maybe even as management?

Republished from ZeroHedge.com with permission

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