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For Media CEOs in the News Business, Trump Turns M&A Dreams Into a Quid Pro Quo

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Pressure on Paramount over "60 Minutes" could preview deal-making challenges for other studios with news outlets like WBD and Comcast.
The article from TheWrap discusses former President Donald Trump's aspirations to engage in mergers and acquisitions, particularly in the media sector, as revealed in a recording from a 2021 meeting with oil executives. Trump expressed interest in buying a media company, suggesting that such a move could help him counter what he perceives as biased coverage from mainstream media. He mentioned having discussions with media CEOs about potential deals, hinting at a quid pro quo where favorable coverage could be expected in return for business deals. The article also notes that Trump's plans were part of a broader strategy to influence media narratives and potentially benefit financially from such acquisitions, although no specific deals were confirmed to have materialized from these discussions.

Read the Full TheWrap Article at:
[ https://www.thewrap.com/trump-mergers-acquisitions-dreams-quid-pro-quo-media-ceos/ ]