Barry Diller Says He’d Buy CNN Tonight to Save It From Extinction
Barry Diller told The Wall Street Journal's Future of Everything Festival he’d buy CNN 'tonight and tomorrow night' to save it, arguing the network is ripe for innovation but needs more investment in on-air programming; CNN is owned by Warner Bros. Discovery, with Paramount's $81 billion merger in play, and Diller warned the deal could trigger savage cuts—echoing his own company's restructuring as IAC renames to People Inc. and slashes staff to save costs.