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Included with prime after telling the American people that he was gonna stay out of it. Related to his friends trying to acquire CNN and its parent company, Warner Brothers Discovery. Donald Trump has been secretly meeting with David Ellison, the Nepo baby son of the Ellison family who owns Oracle, to try to not only advise on how to acquire CNN and Warner Brothers in their fight against Netflix, who wants to acquire the same assets, but is also, of course, in control of the major governmental regulator at the Department of Justice and what did Donald Trump do to grease the skids to put CNN in the hands of a buddy of his to make it MAGA friendly? He fired the head of the antitrust division, Abigail Slater. I'm Michael Popo. Let's talk about secret meetings. Let's talk about the firing of the one person who would have been the safety valve against this transaction. And now the new reporting today that, oh, lo behold, Warner Brothers is back in discussions with Donald Trump's favorite acquirer, the Ellison family, and is starting to turn its back against Netflix that put in the better offer. I'm Michael Popak. You're on Legal, AF and Midas Touch Network. Let's get down to this news story on this holiday Monday. All right. From the perspective of media properties that are in play, CNN had always been considered at one point a crown jewel of the media empire. And Donald Trump has wanted to get CNN over to the right, right wing to join Fox, CBS, 60 Minutes, the Washington Post, ABC and everybody else that he's abused. He's used a combination of working behind the scenes, putting his big fat thumb on the scale, manipulating the regulators that he controls and then finding ways to have these transactions happen. We see Donald Trump, the dealmaker, right? He's already has American taxpayer dollars invested in half a dozen companies. Yes. You and I own a stake in half a dozen companies in the raw rare earth minerals business, in steel, in semiconductors, computer chips, et cetera. Now, Donald Trump also is trying to get media to be pro Trump. He's abused the Washington Post, I mean, willingly. Bezos owns it. And Bezos is Busy giving Melania $40 million for a documentary nobody wants to watch and then fires half of his newsroom almost in the same week. Now let's turn to Warner Brothers. Warner Brothers Discovery owns a lot of space on your cable box or however you get your content, including cnn. Now, Netflix came forward first to try to acquire and put together a superior bid at about $30 a share, saying they would take the Hollywood studio, the movie studio of Warner Brothers and the streaming service, but they wouldn't take CNN and allow Warner Brothers to sell CNN separately. That was for $30 a share. Then came forward Paramount, run by the Ellison family, friends of Donald Trump, to acquire the entirety of Warner Brothers Discovery, including cnn. That's the one that Donald Trump wants. In fact, when he was asked Trump during, I think a Lincoln during a Kennedy center event, I refuse to call it the other name, he was asked about the acquisition. And while he praised Netflix as being a really great company, he starts talking about market share, which, which is a monopoly antitrust concept that a company can't acquire too many other of its competitors or it would be bad, not for Donald Trump, but usually bad for consumers. That's something that's regulated by the antitrust department of the Department of Justice, which at that moment, when Donald Trump said this next thing was headed by Abigail Slater for the last 10 or 11 months. Play the clip of Donald Trump. Should they be allowed to buy Warner Brothers should?
Donald Trump
Well, that's a question. They have a very big market share. And when they have Warner Brothers, you know, that chair goes up a lot. So I don't know. That's going to be for some economists to tell. And also. And I'll be involved in that decision, too. They have a very big market share.
Caller/Customer
Did he make any guarantees to you.
Donald Trump
About the merger if they do merge? No, no. He came up. He was in the Oval Office last week. I have a lot of respect for him. He's a great. He's a great person. But he's done one of the greatest jobs in the history of movies and other things. He's. He's got a lot of interesting things happening aside from what you're talking about. But it is a big market share. There's no question about it.
Lifelock Representative
Could be a problem that led to a firestorm of protests. So Donald Trump decided to do it another way. Right. He's been guiding as an advisor David Ellison, who's been meeting regularly in the last week with Donald Trump himself. Then he announced Trump that he's going to get out of the business of being involved with the Warner Brothers deal. Does anybody believe this? Play the clip. You are close with the Ellisons, who are trying to stop a merger between Warner Brothers Discovery and Netflix. This deal could change the makeup of the media as we know it. Are you personally gonna get involved in that deal?
Donald Trump
I haven't been involved, I must say. I guess I'm considered to be a very strong president. I've been called by both sides. It's the two sides, but I've decided I shouldn't be involved. The Justice Department will handle it.
Lifelock Representative
Okay. In what way? Just looking at it, see if it's.
Donald Trump
Going to make a decision. I mean, there's a theory that one of the companies is too big and it shouldn't be allowed to do it. And the other company is saying something else about, you know, they're not, but.
Lifelock Representative
You'Re not going to interfere, even though.
Donald Trump
You'Re out of each other and there'll be a winner.
Lifelock Representative
We're A year into the new administration and it's getting harder to read the news and see continued attacks on our first First Amendment freedoms Daily, now is the time to look for the helpers, those who are strategically fighting day in and out to preserve our constitutional freedoms. One of the organizations fighting the good fight is Americans United for Separation of Church and State. Their mission is to protect everyone's right to live as they are and believe as they choose, so long as they don't harm others. AU is fighting back against the wave of Christian nationalist threats happening across the country. They filed 11 lawsuits last year alone, multiple against the Trump administration. To protect your individual freedom of and from religion, whether you support public education, are passionate about LGBTQ and reproductive rights, or some combination of all, AU relies on the help of its supporters to do this important work. If you're looking for an organization to support and learn from, head to au.org legalaid to see how you can get involved in their work and support the fight against Christian nationalism. That's a U.org legal AF when America's divided, we are Americans united. Learn more@au.org legal af and what happened just, I don't know, 48 hours later or so, he fired the only person in the Department of Justice with the balls to stop the transaction. Abigail Slater. Deal making is back, right? This White House is completely open for business. And what the Trump administration did under, under subterranean, if you will, under the surface, is have Donald Trump control this deal, get the regulator out of the way, advise Ellison. And now suddenly we got the new reporting today. The Warner Brothers is back in talks with Paramount. Now, Paramount has only increased its offer about A$75 a share. That's it saying, oh well, we'll pay the $3 billion breakup fee if, if Netflix sues and we'll backstop this debt. And if we don't close by December 31, we'll pay a monthly charge and all this other stuff. Barely raising its bid. I mean, even the shareholders of Warner Brothers don't like the Paramount deal because only 2% voted for it when they try to go directly to the shareholders. But Donald Trump doesn't care about that. He wants to get CNN in the hands of the Ellison family. I just saw an amazing statistic that just came out in the last couple of days, which I think explains why Donald Trump is working so hard to control sort of all of corporate media, right? This is the, a new survey that just came out in the Hollywood Reporter. And listen to these numbers. 54% of US adults get at least some of their information from YouTube newscasters, 25% of them on a regular basis. And 57% of YouTube's news audience is women. And if you're sitting around on one of these slickly produced shows on CNN or MSNBC or Fox, those days are waning. So Donald Trump wants to grab as much of corporate media that he can control because he can't control us. He can't control YouTube. He can't control the independent commentary and journalism that is the Midas Touch brand and is the Legal IF brand, Period. End of story. But I want. I want to rip the COVID off this story because the reporting, when it's done piecemeal. Oh, Paramount increased its bid. Warner Brothers back in talks with Paramount. Netflix shareholders give thumbs up to Netflix not acquiring Warner Brothers. Donald Trump meets with Larry Ellis, Larry Ellison's son in the White House. Donald Trump fires antitrust head Abigail Slater. You sort of get lost of what all of this really means. That's why I wanted to meaningfully connect the dots and explain to you where we are. This is Donald Trump, barely behind the scenes, manipulating the process to get CNN in the hands of his friends, period. We'll continue to watch it. You're on Midas Touch at the free subscribe button. Come over to legal AF YouTube and do the exact same thing until my next report. I'm Michael. Can't get your fill of Legal af. Me neither. That's why we formed the Legal AF substack. Every time we mention something in a hot take, whether it's a court filing or a oral argument, come over to the substack. You'll find the court filing and the oral argument there, including a daily roundup that I do called Wait for it Morning af. What else? All the other contributors from Legal AOF are there as well. We got some new reporting, we got interviews, we got ad free free versions of the podcast and hot takes. Wear Legal AF on substack. Come over now to free subscribe.
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In this hard-hitting legal analysis, host Michael Popok (filling in solo for Ben Meiselas and Karen Friedman Agnifilo) exposes a series of secret meetings and behind-the-scenes maneuvers by Donald Trump to help his allies acquire CNN and its parent company, Warner Brothers Discovery. Popok details how Trump, after promising not to interfere, apparently conspired with David Ellison (son of billionaire Larry Ellison) to ensure media assets end up in “MAGA friendly” hands—possibly by firing the Justice Department official who could have blocked the deal. The episode pulls back the curtain on Trump’s media manipulation, the battle between corporate giants (Paramount/Ellison vs. Netflix), and the wider implications for press freedom and democracy.
| Timestamp | Segment | |-----------|------------------------------------------------------------------------------| | 02:16 | Michael Popok introduces the episode’s breaking story on Trump’s secret media meetings and the firing of Abigail Slater. | | 03:20 | Explanation of Trump’s grudge against mainstream outlets and his aims for CNN. | | 06:35 | Trump’s on-tape comments about the Warner Brothers/Netflix merger’s antitrust issues. | | 07:50 | Trump insists he won’t get involved in the merger—contradicted by subsequent actions. | | 11:00 | Popok breaks down the rise of YouTube news and Trump’s inability to control it. | | 12:00 | Popok summarizes Trump’s orchestration to “get CNN in the hands of his friends." |
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