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No. Netflix does not own CNN, HGTV, or TLC. Netflix did not complete its proposed Warner Bros. Discovery (WBD) deal: Paramount completed its acquisition of WBD on October 6, 2026, and WBD became a wholly owned subsidiary of Skydance Corporation.
Who owns CNN, HGTV, and TLC now?
Following the October 6, 2026 closing, WBD is a wholly owned subsidiary of Skydance Corporation. The September 30 joint Paramount-WBD announcement listed CNN, HGTV, and TLC among WBD’s brands. Skydance’s October 6 combined-company announcement also names CNN and HGTV in its portfolio.
Skydance described the completed combination as bringing together its and WBD’s cable networks, including CNN. The transaction establishes the corporate ownership change; it does not, by itself, establish changes to any network’s programming, channel availability, or branding.
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Why Netflix is not the owner
Netflix had a merger agreement with WBD, but the contest changed before closing. On February 26, 2026, Netflix said it would not raise its offer after WBD determined that Paramount Skydance’s proposal was a superior proposal under the Netflix agreement. Paramount then completed the acquisition in October.
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What the completed Warner Bros. deal establishes
- Acquirer: Paramount completed the WBD acquisition on October 6, 2026.
- Ownership structure: The transaction filing says WBD survived the merger as a wholly owned subsidiary of Skydance Corporation.
- Networks: WBD’s September 30 brand list included CNN, HGTV, and TLC; Skydance’s post-close portfolio announcement specifically names CNN and HGTV.
The completion announcement followed required regulatory approvals and satisfaction of customary closing conditions. The cited company announcements and filing confirm the transaction and corporate structure, not what viewers may see on a particular service or channel lineup.
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Sources
- Skydance Corporation’s October 6, 2026 announcement of the completed acquisition
- SEC transaction filing describing WBD’s post-merger status
- September 30, 2026 joint Paramount-WBD announcement and brand list
- Skydance’s October 6, 2026 combined-company portfolio announcement
- Netflix’s February 26, 2026 statement on its offer
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