The Financial Post reports in its Wednesday edition that Netflix and Paramount Skydance are competing for U.S. President Donald Trump's support in their bids for Warner Bros. Discovery. A Bloomberg dispatch to the Post reports that an irony for investors is that the low valuation of struggling cable networks like CNN, TNT and Discovery is a key factor distinguishing Paramount's hostile bid from Netflix's friendly offer. Paramount intensified the bidding war on Monday with a $30-a-share all-cash offer, valuing Warner Bros. at $108.4-billion, including debt (all figures U.S.). This move aims to counter Netflix's recent agreement to acquire Warner Bros.' studios and streaming services for $27.75 a share in cash and stock. The $2.25-a-share difference in offers stems from Warner Bros.' struggling cable channels, which Netflix's bid excludes while Paramount's includes. Paramount values Warner shares at $1, but analysts suggest they may be worth closer to $4, making Netflix's bid potentially higher if you agree with the analysts. Paramount is raising $11.8-billion from chief executive officer David Ellison's family and $24-billion from Middle Eastern sovereign wealth funds. Bloomberg says the bidding could go still higher.