Judge Sets Hearing on Settlement with Paramount-Warner Bros. Discovery
- On Monday, 12 states and the Writers Guild of America settled antitrust lawsuits against Paramount Skydance, removing final barriers for the $111 billion Paramount-Warner Bros. merger that will reshape Hollywood.
- California Attorney General Rob Bonta announced terms requiring Paramount to increase U.S. film production, honor union agreements, and form an editorial independence board to "establish guiding editorial and journalism principles" for CBS News and CNN.
- While New York joined the settlement, Connecticut Attorney General William Tong remained a holdout, expressing disappointment that full divestiture of media assets was not required to preserve independent journalism.
- Criticizing the settlement on Tuesday, New York City Mayor Zohran Mamdani called it a "shameful monument to corruption," arguing the merger hands excessive power to billionaire CEO David Ellison while reducing scrutiny on federal leaders.
- Paramount's commitments include $1.5 billion in new domestic film production, a factor New York Attorney General Letitia James cited while defending the deal against critics who fear reduced media competition and accountability.
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Newsom denies pressuring California AG into Paramount settlement after liberal backlash - NEW YORK TIMES POST
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Newsom denies pressuring California AG into Paramount settlement after liberal backlash
Gov. Gavin Newsom denied on Wednesday pressuring California AG Rob Bonta to settle the Paramount Skydance antitrust lawsuit ahead of the Warner Bros. Discovery merger deal.
Anxiety Takes Over at CNN After Paramount Merger, Staffers Await a 'Bloodbath'
With the last major obstacle removed for Paramount’s takeover of Warner Bros. Discovery, fear is running wild at CNN. On Monday, Paramount settled a lawsuit filed by California Attorney General […]
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