Deals & M&A
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Los Angeles County Board of Supervisors Greenlights Economic Analysis of Paramount-WBD Merger
The study will be conducted by the Department of Economic Opportunity, who will report back in 60 days with an interim update and 120 days with final findings and recommendations
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Disney Ends $1 Billion OpenAI Partnership After Sora Shuts Down
The entertainment giant says it will continue to engage with AI platforms to “find new ways to meet fans where they are while responsibly embracing new technologies that respect IP and the rights of creators”
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Gavin Newsom Slams FCC Approval of $6.2 Billion Nexstar-Tegna Merger: ‘An Outrage and Disgrace’
The California governor warns the “consolidation of right wing media parroting right wing talking points is happening in plain sight,” while praising his state for suing to block the deal
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Democratic Senators Urge FCC to Conduct Foreign Investment Review of Paramount-Warner Bros. Deal
The group of lawmakers, led by Sen. Cory Booker, say the potential involvement of China’s Tencent and three Middle Eastern sovereign wealth funds demands “rigorous, not perfunctory, review”
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California, New York and 6 More States File Emergency Motion to Halt Nexstar-Tegna Merger
“The Trump Administration has once again put corporate interests ahead of the interests of everyday Americans — not on our watch,” California AG Rob Bonta says
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Nexstar Closes $6.2 Billion Tegna Merger With FCC Approval
“We are grateful to President Trump, Chairman Carr and the DOJ,” Nexstar founder and CEO Perry Sook says
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DirecTV Files Antitrust Lawsuit to Block $6.2 Billion Nexstar-Tegna Merger
The complaint states the acquisition would drive up consumer costs, reduce local competition and shatter local newsrooms
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David Ellison Hopes to ‘Build a Stronger Hollywood’ and Save Jobs by Keeping Paramount and WBD Operating Separately
“I firmly believe that uniting Paramount and Warner Bros. Discovery presents a unique opportunity to build a true champion for the creative community,” he writes in a letter to lawmakers
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What Will Happen to Warner Bros. Games Under Paramount?
Experts warn that the publisher behind hits like “Hogwarts: Legacy” and “Mortal Kombat” could suffer a fatality in the name of merger cost cuts
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Deals & M&A
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California, New York and 6 More States Sue to Block $6.2 Billion Nexstar-Tegna Merger
“This merger is illegal, plain and simple, running contrary to federal antitrust laws that protect consumers,” California Attorney General Rob Bonta says
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R.J. Cipriani Targets Paramount, David and Larry Ellison’s Trump Relationship in Amended Lawsuit
The media giant says the Las Vegas gambler and whistleblower’s claims of a quid pro quo between the elder Ellison and the president are “entirely without merit”
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After DOJ’s Live Nation Settlement, Amy Klobuchar Introduces Legislation to Strengthen Antitrust Reviews
The Antitrust Accountability and Transparency Act comes as the lawmaker says the American public got “the raw end of the deal” in the Ticketmaster settlement
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Netflix’s Ted Sarandos Denies Trump ‘Interference’ in Scrapped WBD Deal
“He made it very clear that this was under the DOJ,” Sarandos says
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David Zaslav to Get $551.5 Million in Cash, Equity and Benefits From Paramount Merger Payout
The executive is also eligible to receive a tax reimbursement depending on when the deal closes, though the actual amount will significantly decline with the passage of time
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Teamsters to DOJ: Paramount-Warner Merger ‘Can’t Be Allowed to Move Forward’
“This merger threatens the livelihoods of the very workers who built these studios into industry giants,” Teamsters President Sean O’Brien says
