Donald Trump is about to give Larry Ellison and his son David another present. In July, the Trump administration gifted the mogul Paramount, whose properties include Paramount Studios and CBS, allowing it to merge with the Ellisons’ Skydance, despite antitrust concerns. (Skydance, a film, TV, and video game studio, produced Top Gun: Maverick and the last five Mission: Impossible movies; that merger happened after CBS paid Trump $16 million to settle a ridiculous lawsuit he had brought over the editing of a 60 Minutes interview with Kamala Harris.) Now the administration has weighed in, saying that it is favorably disposed to let the newly minted Paramount Skydance acquire Warner Bros. Discovery, which announced on Tuesday that it is considering a sale.

The reason? Larry Ellison is one of the president’s strongest backers, from the early days of his presidency. That is the real story of his growing power and wealth. Now he’ll plan to use it to pay the president back.

“Who owns Warner Bros. Discovery is very important to the........

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