24 Hrs
Source:
Los Angeles Times
David Ellison defends political stance
Paramount CEO David Ellison is defending his proposed $111 billion acquisition of Warner Bros. Discovery amid legal challenges and opposition from regulators. The deal faces a lawsuit from California's attorney general and other states, citing concerns over market concentration and potential job losses, including from the merger of major studios and cable channels like CNN. Ellison emphasizes his commitment to journalistic independence and denies allegations that his political ties influence the news operations, asserting that his focus is on maintaining factual and unbiased reporting. A court trial to assess the merger's legality is scheduled, with conflicting proposals on the timing.
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