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Stock impact report

David Ellison Hosting Private Trump Dinner While Awaiting Admin Approval to Buy CNN [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Discovery, according to multiple reports. Ellison sent invites for the “intimate gathering” — first reported by Breaker on Tuesday night — that will take place in Washington, D.C. on April 23, two days before the annual White House Correspondents' Association bash. The dinner will also honor CBS News' White House correspondents. It comes two months after Paramount Skydance beat out Netflix in the battle to buy WB Discovery. The deal will put CNN under Ellison's control, as well as other properties like HBO and its film studio. The dinner also follows Ellison getting the regulatory green light from Trump's Justice Department and the FCC last year for the $8 billion Paramount-Skydance deal. That deal put Ellison in charge of CBS, and he quickly installed The Free Press co-founder and editor Bari Weiss as the new boss of CBS News. Trump said last year he would “be involved” in the WB Discovery deal, and the New York Post reported the Trump admin favored Paramount over Netflix. Th Show less Read more
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