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Warner Bros.
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- 1CNN Staff Mourn as Paramount Acquires Warner Bros●CNN Mood 'Like a Funeral' as Paramount Acquires Warner Bros
Paramount has won the battle for Warner Bros., and attention is turning to what the takeover means for CNN. According to Variety, morale inside the news network is described as being 'like a funeral', with staff uncertain about their future under new ownership. The acquisition ends a contested fight for Warner Bros. and raises questions about possible restructuring, budget cuts and editorial direction at CNN.
- 2David Ellison faces steep challenges after winning Warner Bros. battle▼After a bruising battle for Warner Bros., David Ellison faces daunting challenges in Hollywood
David Ellison has emerged victorious from a hard-fought contest for Warner Bros., but the Los Angeles Times reports that the real work lies ahead. Industry observers say he must now turn around a troubled studio, manage heavy debt, and compete in a fast-changing entertainment market. The outcome of the bidding war and the scope of the task facing Ellison are keeping Hollywood talking.