We are offering a limited cyber sale now that offers you savings of 75% at $1 a week. Don't miss out. Sign up now.Greetings!It's another day, another development in the ongoing Warner Bros. Discovery bidding war saga. The latest turn comes from a letter sent by Paramount to WBD CEO David Zaslav questioning the process, calling it "tainted by management conflicts." You're probably not going to win over any fans with those words. The letter suggests that Paramount has lost its grip on the pole position for this race, despite being seen as the favorite to nab WBD ever since it sent its unsolicited bids late September. Reports indicate Netflix has offered the highest bid — mostly in cash and some stock — in contrast to Paramount's all-cash offer and $5 billion breakup fee. Netflix, as I noted yesterday, now seems to be in the favored position. It's a scenario that was seen as highly unlikely just a few weeks ago. There's also the added wrinkle that WBD has asked for a third round of bids due today, which keeps Netflix, Paramount and Comcast in the mix. But the third round, likely to be the final one, could determine where things go next. If Netflix wins, Paramount could go directly to shareholders with its offer, selling them on the idea that it would skate through the regulatory approval process and get them their money back faster. As my colleague Tom Lowry noted, we haven't had a good old fashioned media proxy battle in a while. But the Ellison family, David and Larry in particular, seem suited for such an aggressive move. Roger Cheng 
Zaslav must be loving all of the back and forth between the suitors, which has largely played out via media reports... 
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