Stephen Colbert is wondering why 'The Late Show' was canceled for financial reasons if CBS' parent company Paramount can offer $108 billion to acquire Warner Bros.

Netflix is a company that understands the value of themed entertainment. While the world doesn’t have a Netflix theme park (yet), by the time you read this, the company will have opened its second Netflix House complex in as many months, with a third location already planned for Las Vegas.

President Donald Trump inserted himself directly into the battle for control of Warner Bros. Discovery on Wednesday, saying, “It’s imperative that CNN be sold,” while deriding the network’s news coverage.

The president's comments are notable because the proposed deal with Netflix wouldn't include cable channels owned by Warner Bros. Discovery, such as CNN and TNT.

Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.

As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.

The decision to inject himself is particularly extraordinary given the president’s own conflicts and interests, according to legal experts.

A video shared online soon after Netflix announced it was acquiring Warner Bros. was edited so the Netflix logo would be on the iconic water tower.