CNN recently aired a "breaking news" segment about Time Warner, a media conglomerate which happens to be CNN's parent company, refusing an $80 billion dollar offer from Rupert Murdoch, who owns FOX, FOX News, and many other media properties, to acquire Time Warner.
The fact that Murdoch is considering buying the parent company of one of FOX News's main competitors downright alarmed me.
In recent years, CNN has slowly built up a reputation of being "FOX News lite", in that, while they tend to be more of a proper news organization than FOX News, which is a full-blown right-wing propaganda outfit and not a real news organization, CNN's reporting has taken on a right-wing bias, although they're not as flagrantly biased as FOX News is. Should Murdoch acquire Time Warner and keep CNN, that would mean that, more than likely, CNN would become a far-right propaganda outfit like FOX News currently is.
CNN's report about Murdoch's unsuccessful bid for CNN's parent company also mentioned a couple of other possibilities. One of those was that the FCC may force Murdoch to divest of CNN should he acquire Time Warner (given that the FCC is run by a former lobbyist who wants to get rid of the internet as we know it, I highly doubt the FCC would force Murdoch to divest of anything). Another possibility is that Murdoch may make a higher bid for Time Warner (given that Murdoch's end game appears to be to acquire every media outlet he possibly can, that's certainly a possibility).
If Rupert Murdoch were to acquire CNN and its parent company, Time Warner, that would be far worse than the proposed Comcast-Time Warner merger or the pending DirecTV-AT&T merger, as a FOX-Time Warner merger would put more of the mainstream news media in the hands of far-right extremists.