Senators Urge FCC to Halt Paramount-Warner Bros. Merger Over Foreign Investment
Democratic Senators are urging the FCC to block the closing of the Paramount-Warner Bros. Discovery merger until a review of the deal's foreign investment implications is concluded. They are concerned about potential foreign ownership issues related to the proposed media giant.
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Democratic Senators Urge FCC to Block Closing of Paramount-Warner Bros. Merger Until Review of Deal’s Foreign Investment Concludes
Three Democratic U.S. senators are urging the FCC to prevent Paramount Skydance from closing its $111 billion merger with Warner Bros. Discovery until the government’s national security review of the foreign investors in the deal has run its course. In a letter dated June 18 sent to FCC Chairman Brendan Carr, the lawmakers — Sens. […]
By Todd Spangler
Read full article →Democratic Senators Call On FCC To Prevent Paramount-Warner Bros. Discovery Merger From Closing While Foreign Ownership Review Is Pending
Three Democratic senators are calling on the FCC to bar the Paramount-Warner Bros. Discovery merger from closing until an agency review of foreign ownership is pending. Sen. Cory Booker (D-NJ), Sen. Adam Schiff (D-CA) and Sen. Elizabeth Warren (D-MA) wrote in a letter to FCC Chairman Brendan Carr that the commission “has an obligation to […]
By Ted Johnson
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