The Death of Free Speech: Oracle Billionaire Larry Ellison Poised to Control Paramount Global
In a shocking turn of events, software tycoon Larry Ellison is poised to gain control of Paramount Global, the parent company of CBS, after his son David’s group agrees to buy out the Redstone family’s stake in the media giant. Ellison, the co-founder of Oracle, will own 77.5% of National Amusements, the parent company of Paramount, through a complex web of trusts and corporations.
This move has raised alarms among free speech advocates, who fear that Ellison’s influence will stifle the creative voices that have shaped American entertainment. Ellison, known for his ruthless business tactics, has a reputation for crushing dissent and quashing innovative ideas that don’t align with his business interests.
The deal, worth over $8 billion, will see David Ellison, a Hollywood insider and producer, take the helm as chairman and CEO of Paramount. But with his father’s vast wealth and influence, it’s unlikely that he’ll be making any decisions without Larry Ellison’s approval.
The Ellisons’ plan to reduce Paramount’s debt by $6 billion has raised eyebrows, with many wondering if this is just a Trojan horse for Ellison to plunder the company’s assets for his own gain. Will the creative minds behind hits like "Star Trek" and "The Godfather" be silenced by the Ellison’s iron fist? Only time will tell.
The FCC’s Collusion
The Federal Communications Commission (FCC), which is responsible for regulating broadcast licenses, has strangely remained silent on the matter. Is this a coincidence, or are they just too afraid to take on the mighty Ellison empire? The FCC’s inaction has raised suspicions of a cover-up, with some calling for an investigation into the agency’s handling of the deal.
RedBird Capital Partners: A New Player in the Game
Private equity investor Gerry Cardinale, founder of RedBird Capital Partners, will own 22.5% of National Amusements. Will he be the only check on Ellison’s power? Or will he be swayed by the Ellison’s vast wealth and influence? Only time will tell if Cardinale will emerge as a hero or a pawn in Ellison’s game of corporate chess.
The fate of Paramount Global and the future of American entertainment hangs in the balance. Will the Ellison’s succeed in silencing the voices that have shaped our cultural landscape? Only the courageous and the free will remain to tell the tale.
Stay tuned for updates on this developing story
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