Several states joined forces and sued to block Paramount’s acquisition of Warner Bros. Discovery.
Donald Trump’s pal David Ellison was hit with a temporary pause on his plans to acquire the parent company of CNN. Ellison’s Skydance, which acquired Paramount in August, set its sights on Warner Bros.
Discovery and is well on its way to further consolidating the entertainment industry after Netflix pulled out of its bid for the company’s streaming, gaming, and studio properties.that U.S. District Judge Araceli Martínez-Olguín of the Northern District of California, who was appointed to the federal bench by President Joe Biden in 2022, granted the coalition of states a 14-day restraining order after they argued that the merger of Skydance-Paramount and Warner Bros. Discovery would “extinguish competition” in the industry.
California AG Rob Bonta stated in the filing, “The unlawful merger of these two entertainment behemoths would lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the U.S.”The blow comes after the Trump-friendly company spent the past year cozying up to the president ahead of its merger with Paramount, which required his administration’s approval. The lead-up to that merger saw theThe week the franchise’s cancellation was announced, Colbert accused Paramount of “bribing” the president after it paid the president $16.5 million to settle his lawsuit against.
The company insisted that the storied franchise was axed for “purely financial reasons. ” Weiss runs CBS News and is expected to run CNN as well if Paramount's merger with Warner Bros. Discovery passes legal hurdles. Ellison installed MAGA-friendly chief Bari Weiss to lead Paramount’s CBS News, where she proceeded to overhaul the long-running news programEllison’s acquisition of Warner Bros.
Discovery, should it pass legal hurdles, would also hand the son of media tycoon David Ellison control of CNN, which he is also expected to turn over to Weiss.
“I think CNN should be sold because the people that are running CNN right now are either corrupt or incompetent,” Trump
Please follow us on Google to support usDonald-J-Trump Cbs Paramount Skydance
United States Latest News, United States Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
Bill Maher admits he could vote for JD Vance, warns 'cowardly' Democrats face socialist takeoverBill Maher says he could vote for JD Vance in 2028 if Democrats nominate a candidate aligned with the party's socialist wing, calling Democrats cowardly.
Read more »
9 arrested, 12 vehicles impounded after street takeover foiled in East FarmingdaleA late-night street takeover in East Farmingdale was dismantled by law enforcement on Friday, resulting in nine arrests, dozens of traffic citations and 12 vehicles being towed away.
Read more »
Judge temporarily pauses Paramount's Warner Bros. takeoverDistrict Judge Araceli Martínez-Olguín granted a temporary restraining order request by a coalition of 12 state attorneys general, led by California Atty. General Rob Bonta, to freeze the deal
Read more »
CNN Data Guru’s Dire Midterm Warning for DemocratsThe polling puts Dems ahead in the midterms, but that might not be enough.
Read more »