Democrats Call for Review of Paramount's Middle Eastern Financial Backers

Democrats call for review of Paramount's Middle Eastern financial backers

Middle Eastern royal families previously pledged $24-billion to help the Larry Ellison family buy Warner Bros. Discovery

Foreign Investments in Paramount-Warner Bros. Deal Flagged by Democratic Senators in FCC Letter

The senators called for a full review of investments from Middle Eastern sovereign wealth funds and Tencent, which they say could influence editorial decisions at news outlets owned by the combined company.

Senators Call For FCC Review Of Foreign Stakes In Paramount-WBD Merger

A group of Democratic senators is calling for FCC Chairman Brendan Carr to conduct a “full and independent” review Paramount’s proposed acquisition of Warner Bros. Discovery, citing its investment from Middle Eastern sovereign wealth funds. Carr has said that the agency would have minimal oversight over the transaction, as it does not involve the transfer of ownership of broadcast stations. But in their letter, the Democrats, led by Sen. Cor…

Democratic Senators Demand FCC Conduct Foreign Investment Review of Paramount-Warner Bros. Deal Over Backing by Middle Eastern Funds, China’s Tencent

The FCC must conduct a "thorough review" of the foreign investors backing Paramount Skydance's $111 billion proposed deal to acquire Warner Bros. Discovery, seven Democratic senators said in a letter addressed to agency chairman Brendan Carr.

Exclusive: Senate Democrats demand FCC probe in Warner Bros. deal

The ScoopA group of Senate Democrats on Monday demanded that FCC chairman Brendan Carr probe the foreign money funding Paramount’s planned takeover of Warner Bros. Discovery, according to a letter viewed by Semafor.“This constellation of foreign investment from China and from Gulf states, with complex and sometimes competing relationships with the United States, demands rigorous, not perfunctory, review,” Minority Leader Chuck Schumer of New Yor…

Democrat Lawmakers Ask FCC to Investigate Foreign Funding of Paramount/WBD Deal

A group of U.S. Senators, led by Sen. Cory Booker (D-N.J.), have written a letter to FCC Chairman Brendan Carr asking him to conduct a “thorough review” of Paramount’s pending $111 billion acquisition of Warner Bros. Discovery. The letter, written by Senate Democratic Minority Leader Chuck Schumer (D-NY), Democratic Minority Whip Dick Durbin (D-IL), Richard … Continue reading "Democrat Lawmakers Ask FCC to Investigate Foreign Funding of Paramoun…