As the clock ticks on a sale of the Warner Bros. empire, Netflix, Comcast and Paramount are making a full-court press to snap up the David Zaslav-run studio conglomerate and crown jewel assets like HBO. Behind the scenes, the players are making the case to the Warner Bros. Discovery board about why they should go with their multibillion-dollar bid — and the jockeying has intensified over the past several days.

David Ellison’s Paramount, which has been aggressive in pursuing an outright acquisition of all of Warner Bros. Discovery, has sent multiple letters to Warners outlining its case, while also singling out why Netflix and Comcast’s offers are more fraught. On Dec. 1, a 4,000-plus word letter was sent from lawyers hired by Paramount outlining the reasons why Netflix’s offer poses “su

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