L.A. Mayor Karen Bass on ongoing dispute over Paramount-WBD merger
Bass said any settlement should keep Paramount and Warner Bros. Discovery in Los Angeles and protect jobs as county officials warned 4,500 jobs could be at risk.
- On Thursday, Los Angeles Mayor Karen Bass urged California Attorney General Rob Bonta and Paramount Skydance CEO David Ellison to "urgently" resolve the antitrust lawsuit blocking the $110 billion merger with Warner Bros. Discovery.
- Bonta and 11 other states sued to block the deal, arguing it would unlawfully diminish competition in theatrical and television markets; the Writers Guild of America has joined the legal effort to stop it.
- A recent Los Angeles County report estimated the merger could jeopardize about 4,500 film and television jobs and threaten billions in economic activity, potentially accelerating the loss of around 52,000 industry positions over four years.
- City Councilwoman Nithya Raman rejected the call for settlement, backing Bonta's lawsuit, while the Writers Guild of America criticized Bass for joining what it termed a "pressure campaign" on public enforcers to approve the merger.
- With a trial scheduled for March 2027, Paramount faces mounting financial pressure, including a daily $7 million ticking fee payable to shareholders if the deal remains incomplete after October 1.
19 Articles
19 Articles
The mayor of Los Angeles, Democrat Karen Bass, this Thursday demanded a quick resolution to the dispute over the merger of Paramount and Warner Bros. Discovery to protect jobs and productions in the city.
LA Mayor Calls on Paramount, Bonta to Reach Settlement on Merger Lawsuit
Mayor Karen Bass Thursday called on California Attorney General Rob Bonta and media mogul David Ellison to resolve a lawsuit that seeks to block a pending $110 billion merger of Paramount Skydance and Warner Bros. Discovery, warning of potential economic loss for the city from protected litigation. During a news conference at City Hall Thursday, Bass joined a chorus of Democratic elected officials like Gov. Gavin Newsom, who have expressed suppo…
Nithya Raman Splits From Mayor Karen Bass on Paramount-Warner Merger: 'Should Be Decided in Court'
Los Angeles city councilmember and mayoral candidate Nithya Raman reiterated her opposition to the Paramount-Warner Bros. merger, calling it a “bad deal” for entertainment workers and supporting California Attorney General Rob Bonta’s lawsuit challenging the acquisition. “Los Angeles’ film industry is already in crisis. The Paramount–Warner Bros. Discovery merger would deepen it, costing an estimated 4,500 film and television jobs, more than 10,…
L.A. Mayor Karen Bass on ongoing dispute over Paramount-WBD merger
LOS ANGELES (KYMA, CBS) - Los Angeles Mayor Karen Bass held a press conference Thursday regarding the ongoing dispute over the proposed merger between Paramount Skydance and Warner Bros. Discovery (WBD). During the press conference, Mayor Bass, who was joined by labor leaders in the entertainment industry, called on Paramount and California Attorney General Rob Bonta "to come to the table" and reach a settlement. Last month, 12 state attorneys g…
There Is Growing Pressure on California AG to Settle His Paramount Lawsuit As The LA Mayor Urges Him to Settle
Los Angeles Mayor Karen Bass has publicly called on California Attorney General Rob Bonta and Paramount to urgently resolve their ongoing dispute over a multistate antitrust lawsuit that is currently blocking the company’s proposed acquisition of Warner Bros. Discovery. Speaking at a press conference on Thursday, Bass emphasized the need for all parties to engage […] The post There Is Growing Pressure on California AG to Settle His Paramount Law…
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
