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California Ag Settlement

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Coalition Files Emergency Motion to Block Paramount-WBD Merger Amid Court Hearing
media-and-business1 day ago

Coalition Files Emergency Motion to Block Paramount-WBD Merger Amid Court Hearing

A coalition of media and press freedom groups has filed an emergency legal motion in California federal court to oppose the $111 billion Paramount-Warner Bros. Discovery merger. The filing challenges a recent settlement between Paramount and 12 state attorneys general, which the coalition calls weak and unenforceable. Judge Araceli Martínez-Olguín is scheduled to address the merger and the motion in a hearing today. Meanwhile, Warner Bros. staff report uncertainty and anxiety as the deal is expected to close within 10 days, with Paramount CEO David Ellison promising $6 billion in synergy savings.