Warner Bros. Discovery ponders sale, rejects Paramount’s offer

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00:00An earthquake in the media world to tell you about.

00:05Warner Brothers Discovery, the parent company of CNN and HBO, says it's open to a sale.

00:11The move comes after the company announced plans to split in two,

00:14one side for entertainment and streaming, the other for news and sports.

00:18But now, as the New York Times first reported, bidders are already lining up.

00:22Among them, David Ellison, who just took control of Paramount

00:25and recently spent $150 million buying Barry Weiss's free press

00:30and made her editor-in-chief of CBS News.

00:33If that deal goes through, it would put CNN and CBS under the same roof,

00:38two of America's legacy news brands in one empire.

00:41Warner Brothers Discovery CEO says the company is reviewing alternatives

00:45after getting unsolicited offers.

00:47Other potential suitors include Netflix and Comcast, according to CNBC.

00:52For CNN, it's the latest turn in a long string of ownership changes

00:56and an uncertain question, who owns the future of that news organization?