WB has not been immune to the political angle but they at least care about their IP and produce decent content. Of course Netflix would have used WB IP and Netflix’s “state of the art” movie making machine to maximise the value of the WB IP.
TBH I don’t care about the WB news media part through I’m not sure if they will really destroy it just to align with their political views. If they make CNN like Fox News the viewers will just leave. The right move for Netflix from a shareholder’s perspective would be to get into the short drama movies that are popular in China and recently the US too. That would allow them to cover the whole garbage media spectrum and make a lot of money.