The Ellisons Prepare to Expand Their Media Empire

[Thaddeus]

https://www.wnycstudios.org/podcasts/otm/articles/the-ellisons-prepare-to-expand-their-media-empire

Netflix is backing out of a bid to acquire Warner Brothers Discovery, clearing the way for Paramount to take over. On this week’s On the Media, what happens to journalism and democracy when a tiny group of billionaires are calling the shots.

[Joinfortmill]

1. Not good. I've moved on to independent journalism

It will be interesting how this all plays out. Troubling times. Too much money in too few hands.

[pat_k]

2. State AG's need to step up. The corrupt takeover must be stopped as a monopolistic abomination.

https://www.hollywoodreporter.com/business/business-news/california-attorney-general-paramount-warner-bros-merger-1236516956/

Feb 26
California Attorney General Plants Flag on Paramount-Warner Bros. Merger: “Not a Done Deal”
If the Justice Department and foreign regulators approves the deal, it'll be up to state attorneys general to challenge the merger.

“Paramount/Warner Bros. is not a done deal,” California Attorney General Rob Bonta said on Thursday. “These two Hollywood titans have not cleared regulatory scrutiny — the California Department of Justice has an open investigation, and we intend to be vigorous in our review.”

Bonta weighed in on the merger hours after Netflix declined to raise its bid for Warner Bros, which all but positioned Paramount as the winner of the bidding war. The David Ellison-led company’s offer will almost surely be accepted by Warner Bros.’ board.
....