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Mario Gabelli signals support for Paramount in Warner fight

“We’re in the early rounds,” Gabelli said. “Round five of a nine-round challenge.”

Christopher Palmeri

At the Kennedy Center Honors Sunday night, Paramount CEO David Ellison chatted with President Donald Trump, people familiar with the events said.

In a letter to Warner Bros. CEO David Zaslav, attorneys for Paramount said the entertainment giant is favoring a rival bid from Netflix.

Fox is considering making an investment in TikTok as part of a group that includes Oracle, Andreessen Horowitz and Silver Lake Management.

DirecTV will also be able to offer a new online version of ESPN to its subscribers at no additional cost after it launches next year.

Redstone holds a 20% stake in National Amusements and is in line to receive about $350 million from its sale.