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Warner Bros Discovery

All articles tagged with #warner bros discovery

policy14 hours ago•31 min saved

Oregon ends bid to delay Paramount–Warner merger after dropping records demand

Oregon Attorney General Dan Rayfield withdrew his civil investigative demand and a 60-day delay to review Paramount's takeover of Warner Bros. Discovery after Paramount declined to turn over the requested records, including lobbying documents codenamed 'Project Warrior.' The move ends Oregon's attempt to stall the deal for review, though other states and the UK are weighing antitrust actions and Hollywood has opposed the merger.

via The Verge|

#antitrust #merger #oregon

business1 day ago•15 min saved

Oregon Drops Bid to Slow Paramount-WB Merger, Court Date Remains

Oregon Attorney General Dan Rayfield withdrew a civil investigative demand for Paramount to turn over records and dropped a plan to delay the Paramount-Warner Bros. Discovery merger by 60 days; a Multnomah County hearing is set to review next steps. Paramount welcomed the move, saying it avoids delaying a lawful, pro-competitive deal. California and other states are weighing legal challenges, while regulators worldwide have largely cleared or reviewed the transaction. The AG had also sought documents on Paramount’s lobbying strategies, including a plan dubbed “Project Warrior,” which Paramount argued are not relevant to antitrust review.

via Deadline|

#antitrust #business #merger

business3 days ago•17 min saved

Oregon AG Pushes 60-Day Pause and Docs in Paramount-WBD Merger

Oregon Attorney General Dan Rayfield asked a Multnomah County judge to postpone Paramount’s closing of its Warner Bros. Discovery deal by 60 days and to compel Paramount to hand over documents related to the merger, including lobbying materials tied to the DOJ-regulated process. A hearing is set for Monday as Paramount faces EU regulatory reviews; the DOJ has approved the deal, while UK officials and other states consider challenges. Paramount has objected to the document requests, arguing they are burdensome and marginal to Oregon’s antitrust inquiry.

via Deadline|

#antitrust #business #merger

business3 days ago•321 min saved

States Prepare Antitrust Push Against Paramount-WBD Merger

State attorneys general are finalizing a multistate antitrust lawsuit to challenge Paramount’s planned takeover of Warner Bros. Discovery, a filing expected next week that could derail Paramount’s timetable to take control of WBD despite the Justice Department’s clearance. The effort, which mirrors other state-level challenges to major deals after federal review, comes as California’s AG and others scrutinize the deal, Oregon pursues subpoenas, and Paramount says regulators around the world have already approved the transaction and will be defended in court.

via CNN|

#antitrust #business #merger

business10 days ago•5 min saved

Paula Reid exits CNN as Ellison takeover sparks leadership uncertainty

CNN chief legal affairs correspondent Paula Reid will not renew her contract amid uncertainty about the post‑merger leadership of CNN under David Ellison’s planned takeover of Warner Bros. Discovery, with executives unable to guarantee how the network will operate after the deal; her departure would make her the first major CNN journalist to leave amid the upheaval as others weigh their futures.

via New York Post|

#business #cnn #david-ellison

media10 days ago•15 min saved

CNN Veteran Paula Reid Exits for MS NOW Amid WBD-Paramount Merger

Paula Reid is reportedly leaving CNN to join MS NOW, a move that comes as Paramount plans to acquire Warner Bros. Discovery, signaling newsroom changes tied to the broader ownership shakeups.

via Deadline|

#cnn #media #ms-now

business10 days ago•17 min saved

Paula Reid Poised to Join MS NOW After CNN Exit

Variety reports Paula Reid, CNN’s chief legal affairs correspondent, is expected to move to MS NOW after declining a renewal as CNN’s future remains uncertain amid Warner Bros. Discovery’s Paramount Skydance takeover talks; MS NOW reportedly pledges stronger hard-news coverage under Rebecca Kutler, while CNN and Reid’s representatives declined to comment.

via Variety|

#business #cnn #ms-now

business10 days ago•16 min saved

Paramount Exits UIP to Clear EU Hurdles on Warner Bros. Merger

Paramount Skydance will withdraw from United International Pictures, its international distribution joint venture with Universal, to address European antitrust concerns over Paramount’s $111 billion Warner Bros. Discovery merger, as regulators seek remedies; the European Commission has extended its decision deadline to July 22, signaling progress toward approval as UIP’s footprint is cut back, with the U.K. reviewing potential media-plurality issues while the U.S. DOJ has already cleared the deal.

via The Hollywood Reporter|

#antitrust #business #european-union

business11 days ago•14 min saved

Paramount Offers Remedies to Clear EU Waters for WBD Merger

Paramount has filed concessions with the European Commission to win clearance for its $111 billion Warner Bros. Discovery merger, hoping remedies address EC concerns and speed approval ahead of a July 22 decision. The company did not disclose the specifics of the concessions, but says they directly address the EC’s preliminary concerns. The development comes as the UK weighs intervention and the CMA continues its review, while the DOJ has already approved the deal in the US and state attorneys general weigh possible antitrust action.

via Deadline|

#business #concessions #european-commission

business11 days ago•15 min saved

Paramount Drops UIP to Clear EU Approval for Warner Bros. Discovery Merger

Paramount will exit its United International Pictures distribution JV with Universal as a condition for EU clearance of its $111 billion merger with Warner Bros. Discovery. The European Commission confirmed a filing indicating Paramount Skydance’s commitment to withdraw from UIP, and has extended the decision deadline to July 22. The mega-merger would unite Paramount assets (CBS, Paramount Pictures, Paramount+) with WBD properties (HBO, CNN, TNT/TBS, etc.), with UK scrutiny and a Saudi ADQ/PIF/QIA-backed $24 billion investment backing the deal as major regulatory hurdles remain.

via Variety|

#antitrust #business #eu-approval

media11 days ago•14 min saved

Paula Reid Poised to Exit CNN Ahead of Paramount-WBD Merger Shakeup

Paula Reid, CNN's chief legal affairs correspondent, is expected to depart the network as Paramount's planned acquisition of Warner Bros. Discovery creates newsroom uncertainty about future leadership under the new owner. Reid joined CNN from CBS News in 2021 and was named chief legal affairs correspondent in 2023; CNN declined to comment on her plans as the Paramount-WBD merger is poised to close later this year.

via Deadline|

#cnn #media #merger

business11 days ago•16 min saved

CNN Legal Reporter Paula Reid Exits Ahead of Paramount Takeover

Paula Reid, CNN's chief legal affairs correspondent, is leaving CNN ahead of Paramount's planned takeover of Warner Bros. Discovery, choosing not to renew amid uncertainty about CNN's direction under new ownership. A former CBS News journalist who has covered DOJ, the White House and Supreme Court, Reid's exit signals potential shifts at CNN as the deal progresses.

via Variety|

#business #cnn #paramount

business11 days ago•15 min saved

Britain Signals Intervention in Paramount-Skydance-Warner Merger

Britain is poised to intervene in Paramount Skydance’s $111 billion takeover of Warner Bros. Discovery after Culture Secretary Lisa Nandy indicated she is minded to intervene, citing concerns about media plurality and on-demand consolidation; parties have until July 6 to respond, and a formal action could follow. The merged group would own Channel 5, TNT Sports, Cartoon Network, Nickelodeon, CNN International, Paramount+, and HBO Max. Paramount has U.K./EU approvals pending, the U.S. DOJ has cleared the deal, and while some U.S. state governments may sue to block it, Paramount expects to close by early fall with a ticking fee if not.

via The Hollywood Reporter|

#business #media-plurality #paramount-skydance

business12 days ago•16 min saved

UK Signals Possible Intervention in Paramount-Warner Bros. Takeover Over Media Plurality

The British government signaled it is likely to intervene in Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery on media-plurality grounds, with the culture secretary informing Parliament that she is minded to intervene. If pursued, Ofcom would assess public-interest considerations and the CMA would review competition, potentially prompting remedies (such as ending the UIP distribution JV). The move follows approvals in other jurisdictions and could affect the deal’s timeline.

via Variety|

#business #cma #media-plurality

business12 days ago•317 min saved

UK weighs intervention in Paramount-Warner Bros. deal over media plurality

Britain’s culture secretary said the government is minded to intervene in Paramount Skydance’s planned takeover of Warner Bros. Discovery on public-interest grounds, including ensuring a plurality of views in UK media. The deal has cleared US regulators and is expected to close in Q3, but UK intervention could alter the timeline or outcome.

via CNN|

#business #media-plurality #merger