IAC’s Diller says would ‘absolutely’ buy CNN, WSJ reports

IAC (IAC) Chairman Barry Diller said he would be willing to acquire CNN, arguing the network is underinvested and in need of innovation in both its digital and broadcast offerings, while expressing confidence that it remains a strong asset if modernized, The Wall Street Journal’s Cara Lombardo reports. CNN is owned by Warner Bros. Discovery (WBD), which Paramount Skydance (PSKY) agreed to buy in an $81B deal earlier this year. Diller said he would “absolutely” buy CNN, saying at the WSJ’s Future of Everything Festival that “I would do it tonight and tomorrow night. Before they ruin it any further. Hopefully before it’s extinct, which, I mean, it’s not gonna be.”