DOJ Approves $111 Billion Paramount-Warner Bros. Merger, Raising Press Freedom Concerns
By
Democracy Now!
Summary
The Trump administration's Justice Department has approved Paramount's $111 billion bid to acquire Warner Bros. Discovery, a media megamerger that critics say violates antitrust laws and will concentrate enormous media power in the hands of the Ellison family, close Trump allies. The deal would place CBS News and CNN under single corporate control. Advocacy groups warn this consolidation threatens press freedom, citing prior instances of CBS News spiking critical stories about the Trump administration and removing independent journalists. The Justice Department controversially claimed the merger would increase competition.
Source
bskyDOJ Approves $111 Billion Paramount-Warner Bros. Merger, Raising Press Freedom Concernsdemocracynow.orgKey quotes
· 4 pulledThis has been one of the most shallow and corrupt merger review processes we've ever seen.
The deal will place two of the largest U.S. broadcast news networks — CBS News and CNN — under the control of a single company that has shown it is willing to warp and manipulate news coverage to please the president.
Getting rid of independent journalists asking hard questions [and] spiking stories about crimes being committed by the Trump administration.
In a consolidated media landscape, we get fewer and fewer choices, and we get more and more of the same kind of cookie-cutter content produced.
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