Paramount Skydance is throwing shade at Warner Bros. Discovery, claiming their TV networks like CNN and TBS are vastly overvalued. “How is WBD attributing value to this equity?” asks Ellison, suggesting the networks are worth only about $1/share where others see a lot more. The beef revolves around a $30+ billion deal debate, with WBD touting Netflix’s $27.75/share deal as the gold standard. Meanwhile, Paramount calls WBD’s network segment a 'declining business' saddled with debt, valuing it at just a dollar a share. It’s basically listing WBD’s assets to see what’s worth attaching a National Geographic sticker — oh wait, it’s trash.”