Warner Bros Discovery

Skydance and Warner Bros. Discovery are merging into a $110 billion entertainment giant named Skydance Corporation, led by David Ellison and Israeli co-CEO Ynon Kreiz.

The American media industry is in an uproar: against the backdrop of legal difficulties in the merger deal between Paramount and Warner Bros. Discovery, reports have spread that CNN is for sale. Network correspondent Brian Stelter rejected the claims, stating there is "zero truth" in the rumors.