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Paramount Skydance wants WBD

Does CBS get sold with the linear cable channels (sooner or late)? Comcast NBC when they spun off the cable channels? Do the Ellisons care about sports beyond UFC?
 


Here is more this time on how the UK responds to the proposed merger between WB and Paramount. Yes this follows a similar statement we seen with state attorney generals that have concerns with WB paramount deal.

The U.K. government is likely to intervene in Paramount Skydance‘s $111 billion takeover of Warner Bros. Discovery.

U.K. Secretary of State for Culture, Media and Sport Lisa Nandy released a statement Tuesday saying that “following engagement with the parties and independent research, my department has today written to the current and proposed owners of Warner Bros Discovery on my behalf to inform them that I am minded to intervene.”

She also cited “the need for, to the extent that it is reasonable and practicable, a sufficient plurality of views in news media in each market for news media.”

Nandy said that the companies have until July 6 to respond to their concerns, and that they have not made a final decision as to whether the government will seek legal action.
 


Here is more this time on how the UK responds to the proposed merger between WB and Paramount. Yes this follows a similar statement we seen with state attorney generals that have concerns with WB paramount deal.
I don't know how much UK intervention might move the needle. Certainly both WBD and Paramount do business there, but I'm not sure they wouldn't be willing to discontinue certain operations to avoid any hang ups.
 

The Oregon Attorney General responds to the WB-Paramount proposed merger.

Oregon Attorney General Dan Rayfield has withdrawn the state’s records request and motion to delay the closing of the $110 billion Paramount-Warner Bros. Discovery merger, according to a filing with the Multnomah County Court on Friday.

The state has been investigating the transaction since it was first announced in February and claimed that Paramount had not complied with a records request that was sent to the company in June. That request asked for documents about the company’s lobbying of federal officials in support of the deal, its role in a U.S. Department of Justice statement approving the merger and an internal effort referred to as “Project Warrior.”


ODOJ filed and presented a motion in person in Multnomah County Court on Wednesday that aimed to delay the closing by 60 days following Paramount’s substantial compliance with the records request. A hearing on the motion was subsequently scheduled for Monday morning, but Rayfield’s office decided to reverse course on Friday.
 

Here is the current response by the California attorney general over the WB Paramount merger proposal.
Netflix would be just as bad. If the Para/WB merger is rejected, expect WB to be broken up- with more job losses.
 
Netflix would be just as bad. If the Para/WB merger is rejected, expect WB to be broken up- with more job losses.
That’s the problem: A long term result of killing the merger might be an even worse ultimate outcome. A different future owner would probably chop it up for parts.

Same thing for the Nexstar-TEGNA deal…If that falls apart TEGNA will likely wind up with private equity ownership that will sell it off piecemeal with just as many resultant layoffs.

Pick your poison: Quick acting, or slower? Same result.
 


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