Tech billionaire Larry Ellison and his son, David Ellison, are increasingly involved in media deals that could position them as major players in the industry. Their ambitions include acquiring significant assets related to platforms such as TikTok and CNN, potentially giving them control over some of the largest media companies globally.
Larry Ellison, 81, co-founded Oracle in 1977 and has amassed substantial wealth, primarily from his 40% stake in the company. Recently, his fortune has surged to approximately $370 billion due to Oracle’s involvement in artificial intelligence infrastructure. In January 2025, he briefly held the title of the world’s richest person, surpassing Elon Musk. Nonetheless, his relationship with former President Donald Trump, who has praised him as a significant business figure, has drawn attention. Ellison hosted a Trump fundraiser in 2020 and has been involved in initiatives related to TikTok during Trump’s presidency.
David Ellison, 42, has established his reputation as a Hollywood producer since founding Skydance in 2010. He has produced successful films and expanded into television, gaming, and sports. His recent acquisition of Paramount, supported by his father, introduced him to managing a vast operation with over 18,000 employees, including CBS.
Critics have raised concerns regarding the Ellisons’ growing influence, particularly in light of their ties to Trump. Some media watchdogs have expressed fears that control over CBS, CNN, and TikTok could threaten democratic processes. Senator Elizabeth Warren has urged blocking any significant merger between Paramount and Warner Brothers Discovery, citing concerns about concentration of power.
Additionally, investigations are underway regarding possible commitments made to Trump concerning the Paramount acquisition. The Federal Communications Commission, led by a Trump loyalist, has also reviewed the deal. As David Ellison aims to distance his media company from political alignments, he has acknowledged some changes at CBS, including appointing a conservative watchdog to review perceived biases.
While Wall Street analysts view the potential merger favorably, some question whether news will be a priority for the Ellisons given its relatively minor role in their overall business strategy. Their timing and strategy are under scrutiny, particularly with a shifting political landscape.
Source: https://www.bbc.com/news/articles/cr4qwwk0g0yo?at_medium=RSS&at_campaign=rss