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.
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 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
The deal would remove the last significant hurdle the media mogul David Ellison faced to create a news and entertainment empire, home to movie studios, HBO, CBS and CNN.
Seeking to settle a lawsuit with 12 states, Paramount has discussed measures to protect the editorial independence of CNN and the divestiture of Comedy Central.
Paramount is pushing for a settlement in its case brought by 12 states' attorneys general over its merger with Warner Bros. Discovery. California Attorney General Rob Bonta (D) joins Peter Alexander to discuss more on the lawsuit.