Sanders Condemns FCC Approval of Foreign Ownership in Paramount–Warner Merger
TL;DR
US Senator Bernie Sanders joined critics in denouncing the FCC’s approval of foreign investment that would let a Paramount-Skydance/Warner Bros. merger be about 49.5% foreign-owned, with funds from Qatar, Saudi Arabia, and the UAE, raising concerns about foreign influence over major media like CBS and CNN. Commissioner Anna Gomez warned about weak safeguards and lack of public votes, while opponents argue for tighter protections; the merger is paused amid legal challenges with a March trial set.
Topics:businesspolitics#bernie-sanders#federal-communications-commissio#paramount#politics#saudi-arabia#united-arab-emirates
- 'Outrageous': Sanders Slams FCC for Approving Saudi and UAE Ownership of Paramount-Warner Bros. Common Dreams
- FCC lets Paramount sell 49.5% equity stake to Saudi Arabia, UAE, and Qatar Ars Technica
- FCC Approves 49.5% Foreign Ownership of Paramount-Warner Bros. Variety
- FCC grants Paramount's indirect ownership request for Gulf funds in Warner Bros. Discovery buyout AP News
- FCC approves foreign owners for a merged Paramount-Warner Bros. Los Angeles Times
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