NYTIMES (Sharon Waxman) - Hollywood Surrenders to the Ellison Empire
There’s no sense of triumph or even defeat, merely numb exhaustion.
There’s no sense of triumph or even defeat, merely numb exhaustion.
Inside the settlement talks between the media mogul David Ellison and the coalition of states seeking to block his $111 billion deal.
Paramount has settled its state challenge for the merger with Warner Bros. Also, President Trump says the Department of Justice will "rein things in" if A.I. poses a real risk. MS NOW Business Analyst Ron Insana and Washington Sun Reporter Jeff Stein join Stephanie Ruhle to share their insight.
Hollywood watchers believe the studio prevailed over states seeking to block its deal for Warner Bros. Discovery. It’s now free to reshape the media industry.
With Paramount and Warner Bros. under his control, Mr. Ellison will be “the Hollywood equivalent of Superman, Caesar and Midas combined.” But challenges remain.
Plus, news outlets sue Trump over White House ban. Here’s the latest at the end of Monday.
Few seem totally satisfied by the settlement that will let Paramount’s $111 billion acquisition of Warner Bros. Discovery move forward.
The looming ownership of the network by David Ellison has caused anxiety in its newsroom for months.
State attorneys general suing to block Paramount’s acquisition of Warner Bros. Discovery, CNN’s parent company, have reached a settlement, bringing the companies closer to completing the merger, according to sources involved in the negotiations. CNN's Brian Stelter reports.
The settlement removes a major obstacle to closing one of the largest media mergers in history.
The settlement removes a major obstacle to closing one of the largest media mergers in history.Open