U.S. Clears Way for Paramount-Warner Bros Merger

“The Justice Department will not challenge Paramount’s merger with Warner Bros. Discovery, clearing a major hurdle for the $111 billion deal,” the New York Times reports.

“The merger would consolidate the ownership of two major movie studios; two major streaming services, Paramount+ and HBO Max; and two television news networks, CNN and CBS News, under the leadership of the tech scion David Ellison.”