LARRY ELLISON, A MEDIA MOGUL LIKE NO OTHER

Summary from the TLDR newsletter

Larry Ellison has become a media mogul whose portfolio and power could exceed that of predecessors like Hearst and Pulitzer. Oracle is among the investors in the new American version of TikTok, and Ellison owns more than 40% of Oracle's stock and is its chief technology officer. It is still unclear what the exact share of ownership will be and who will run the new TikTok. The Ellison family recently secured an $8 billion deal for Paramount and CBS, and it is reportedly preparing a bid for Warner, which includes CNN.