Elizabeth Warren Warns One Of Trump's 'Billionaire Buddies' Wants To Buy Warner Bros, Warns Giant Company Could Control 'Everything' You Watch On TV

Ananya Gairola

October 21, 2025

On Tuesday, Sen. Elizabeth Warren (D-Mass.) raised concerns about media consolidation, pointing to David Ellison's ties to President Donald Trump as he seeks control of Warner Bros. Discovery, Inc. (NASDAQ:WBD).

Elizabeth Warren Flags Media Monopoly Risk

In a post on X, formerly Twitter, Warren said, "One of Trump's billionaire buddies just bought Paramount. Now, he wants to buy Warner Bros," referring to Paramount Skydance (NASDAQ:PSKY) CEO Ellison.

She went on to add, "That means one giant company could control almost everything you watch on TV," listing channels including HBO, CNN, CBS News, Showtime and more.

One of Trump's billionaire buddies just bought Paramount.

Now, he wants to buy Warner Bros.

That means one giant company could control almost everything you watch on TV:

HBO
CNN
CBS News
Showtime
TBS
Comedy Central
TNT
Paramount+
TLC
HGTV
Nickelodeon
Cartoon Network
Animalâ€¦ pic.twitter.com/anFzsae8fM
— Elizabeth Warren (@SenWarren) October 21, 2025

The Massachusetts Democrat has previously criticized Trump's role in approving Paramount Global's $8 billion merger with Skydance, calling for an investigation into what she suggested could involve a "big fat bribe."

See Also: Elon Musk Backs Satya Nadella’s View That AI Must Produce ';Socially Useful’ Results: ';The Real Question In The Next Five Years Isâ€¦’

Warner Bros. Discovery Explores Strategic Options

On Tuesday, nine days after rejecting a Paramount Skydance offer, Warner Bros. Discovery announced that it would review all strategic options, including potential sale offers.

CEO David Zaslav said the company received "unsolicited interest from multiple parties" for the whole company and for Warner Bros. specifically.

Warner Bros. shares jumped 10.97% on Tuesday and gained another 2.31% in the after-hours trading, according to Benzinga Pro.

Paramount's Previous Move And Industry Implications

Last year, Warner Bros. nearly acquired Paramount, but the companies were unable to agree on the financial terms.

With Warner Bros. planning to split into two companies--one focused on global TV networks, the other on streaming and studios--any acquisition could significantly reshape the media landscape.

Comcast Corp (NASDAQ:CMCSA) and Netflix Inc. (NASDAQ:NFLX) have reportedly also expressed interest in parts of WBD.

Benzinga’s Edge Stock Rankings show that PSKY exhibits a strong price trend in the short, medium and long term. Additional performance details are available here.

Read Next:

Amazon Loses Top AI Leader In High-Stakes Talent Shuffle

Photo Courtesy: Bryan J. Scrafford on Shutterstock.com

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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