The founder of Oracle already holds a large stake in CBS and Paramount through his son David Ellison's Skydance Media, which closed an $8.4 billion merger with Paramount last month, creating Paramount Skydance Corporation. Within weeks of the merger, Paramount Skydance signed a seven-year, $7.7 billion contract to broadcast and stream Ultimate Fighting Championship events. Ellison's expected push into Hollywood and big media could go further than other tech moguls' forays, according to the outlet. Ellison could soon control "a powerful social media platform, an iconic Hollywood movie studio and one of the largest content streaming services," as well as two of the country's leading news outlets, giving Trump "an extraordinarily powerful media ally," the NYT claimed. Trump has repeatedly argued that most mainstream outlets, including the NYT, are left-leaning, with bias against conservatives.