Deal or no deal? The inside story of the battle for Warner Bros

Sat, 13 Dec 2025

As Paramount, with close ties to the Trump administration, entered the bidding, experts predict any merger will ‘raise red flags’ among regulators

Over the first 10 months of his second presidency, Donald Trump has not hidden his desire to control the US media industry – from encouraging TV networks to fire journalists, comedians and critics he dislikes to pushing regulators to revoke broadcast licences. Now he seems determined to set the terms for one of the biggest media deals in history.

It’s a deal that could have repercussions not just in the US, but across the world, with not just the future of Hollywood at stake but also the landscape of news.