One of the world\u2019s richest men and a friend of President Trump is extending his influence over Hollywood and big media, the outlet has claimed<\/p>\n
Billionaire Larry Ellison, 81, is set to become the most powerful media magnate in US history, the New York Times has claimed. In a Thursday opinion piece, the outlet lamented that one of the world\u2019s richest men, and a supporter of US President Donald Trump, is preparing to take control of major American media.
\nThe founder of Oracle already holds a large stake in CBS and Paramount through his son David Ellison\u2019s Skydance Media, which closed an $8.4 billion merger with Paramount last month, creating Paramount Skydance Corporation.
\nWithin weeks of the merger, Paramount Skydance signed a seven-year, $7.7 billion contract to broadcast and stream Ultimate Fighting Championship events. UFC\u2019s chief executive Dana White, a longtime Trump supporter, spoke at the 2024 Republican National Convention.
\n\u201dThe effect of Mr. Ellison\u2019s gambit could be every bit as consequential, if not more so, than what happened a generation ago when Rupert Murdoch\u2026 created what has become Fox News, intensifying our political polarization,\u201d the NYT wrote.<\/p>\n
Read more<\/p>\n
ABC and NBC should be taken off air \u2013 Trump<\/p>\n
Ellison\u2019s expected push into Hollywood and big media could go further than other tech moguls\u2019 forays, according to the outlet.
\nPlans also include joining a consortium with Oracle and Andreessen Horowitz to take a major stake in TikTok as part of a Trump-backed deal. The Ellisons are also reportedly preparing an all-cash bid of up to $80 billion for Warner Bros. Discovery, which owns CNN, HBO and Warner Bros. studios.
\nEllison could soon control \u201ca powerful social media platform, an iconic Hollywood movie studio and one of the largest content streaming services,\u201d as well as two of the country\u2019s leading news outlets, giving Trump \u201can extraordinarily powerful media ally,\u201d the NYT claimed.
\nTrump has repeatedly argued that most mainstream outlets, including the NYT, are left-leaning, with bias against conservatives. He has accused them spreading false stories about him to undermine his presidency.<\/p>\n","protected":false},"excerpt":{"rendered":"
One of the world\u2019s richest men and a friend of President Trump is extending his influence over Hollywood and big media, the outlet has claimed Billionaire Larry Ellison, 81, is…<\/p>\n","protected":false},"author":1,"featured_media":18552,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-18551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t