Watchdogs Demand Paramount Records Over Ellison Promises Linked to CNN in Warner Merger
Two press-freedom groups that own shares in Paramount Skydance are demanding access to the company’s books amid allegations that David and Larry Ellison promised favors to the White House to win approval for Paramount’s $111 billion takeover of Warner Bros. Discovery, including alleged plans to overhaul CNN. The groups warn such conduct could breach fiduciary duties and invite civil or criminal penalties, as regulators weigh the deal amid debt concerns and broad political and industry opposition.
