12 states sue to block merger between Paramount, Warner Bros. Discovery
A dozen state attorneys general are trying to block the $110 billion merger of Paramount and Warner Bros Discovery they warn would raise movie prices and crush cable TV distributors. The states - California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington - filed suit on Monday, arguing the combination would illegally harm competition and create a "media behemoth." Last month, the Justice Department declined to block the merger in a decision that The Wall Street Journal reported surprised career staff who were leaning toward recommending a lawsuit.
Reported by 1 outlet — The Verge. See all sources ↓
A dozen state attorneys general are trying to block the $110 billion merger of Paramount and Warner Bros Discovery they warn would raise movie prices and crush cable TV distributors. The states - California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington - filed suit on Monday, arguing the combination would illegally harm competition and create a "media behemoth." Last month, the Justice Department declined to block the merger in a decision that The Wall Street Journal reported surprised career staff who were leaning toward recommending a lawsuit. In an exit intervi … Read the full story at The Verge.
Read the full report at The Verge ↗
Why it matters
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- What's the story?
- A dozen state attorneys general are trying to block the $110 billion merger of Paramount and Warner Bros Discovery they warn would raise movie prices and crush cable TV distributors. The states - California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington - filed suit on Monday, arguing the combination would illegally harm competition and create a "media behemoth." Last month, the Justice Department declined to block the merger in a decision that The Wall Street Journal reported surprised career staff who were leaning toward recommending a lawsuit.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 2h ago.
How outlets are framing the same story
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- Coverage card1 outlet1CoverageScouting report
States make last-ditch effort to stop the Paramount ‘media behemoth’
Sources1TypeCoverageThe Verge