Barry Diller sought to buy CNN from Warner Bros. Discovery, sources say

CNN is not for sale, the company reiterated Wednesday after a news report about media mogul Barry Diller’s interest in buying the cable network from Warner Bros. Discovery.

Diller approached Warner Bros. Discovery, WBD for short, about a possible deal last year, the Wall Street Journal reported.

Two people granted anonymity to speak freely for this story confirmed that Diller made repeated approaches to WBD and said he remains interested in CNN.

Other billionaires and media investors have also explored potential paths to acquire CNN in recent years.

However, there are several reasons why WBD has not parted ways with the news network.