Wallace: States Weaponize Antitrust Suits to Block Paramount-CNN Merger

In a guest column, Chris Wallace argues that state attorneys general are using an antitrust lawsuit to block Paramount’s deal with Warner Bros. Discovery, framing it as a matter of press diversity while ignoring the reality of today’s diverse media landscape. Wallace, who has long worked in journalism and serves as a senior adviser to Paramount investor RedBird Capital, says the suit targets ownership and speech rather than genuine antitrust concerns and notes some plaintiffs have floated settlements that could require Paramount to divest CNN, effectively weaponizing government power to influence media reporting.