State AGs urged to block Paramount-Warner Bros. Discovery merger to protect CNN from political interference
By
Robert Reich
Crumbles when you bite it. Light on filling.
Summary
The article argues that state attorneys general and overseas regulators should intervene to stop the Paramount-Warner Bros. Discovery merger, which the DOJ has cleared. The author contends that U.S. antitrust law is designed to prevent anticompetitive practices like monopolies that harm consumers, and that allowing this merger to proceed violates those principles. The piece specifically frames the merger as a threat to CNN's independence from political influence, particularly from Donald Trump.
Key quotes
· 2 pulledUS antitrust law - the statutes and regulations designed to promote fair competition in open markets - prevents businesses from engaging in anticompetitive practices, such as monopolies, price-fixing, and bid-rigging that artificially inflate prices, reduce quality, and stifle innovation for consumers.
With this decision allowing the Paramount - Warner Bros. Discovery merger to proceed, the Department of...
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