Ellison Paramount-WBD Deal

Paramount beat estimates and posted streaming gains as its Warner Bros. merger faces a lawsuit.

•Balanced

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Summary

A neutral summary of the key facts most outlets agree on, drawn from reporting across the political spectrum.

Paramount Skydance CEO David Ellison has publicly defended the proposed roughly $110 billion Warner Bros. Discovery acquisition, saying opposition is rooted in politics and concerns about CNN rather than antitrust market share. Democratic attorneys general from 12 states are suing to block the deal, and a federal judge has set a March 2 trial. The schedule is expected to leave Paramount owing WBD shareholders more than $1 billion in ticking fees if the closing is delayed. Ellison says Paramount is open to settlement but expects the deal to close.

The Coverage

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Some commentary

Coverage Angles

Distrusting EllisonLeans Left

David Ellison’s promises to protect CNN’s independence should not be taken at face value. His Trump-friendly conduct, political ties, and record of changes at CBS News suggest he may push CNN in a partisan direction.