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BusinessQuiet 5d · day 5

Paramount settles antitrust lawsuit with 12 states; Block the Merger vows to continue fight

A coalition opposing Paramount's bid to acquire Warner Bros. Discovery says the settlement is a 'bad deal' and pledges continued action on media consolidation.

newest coverage 5d agosummary written 4d ago2 pieces Newswires

What to know

  • Paramount settled its antitrust lawsuit with 12 state attorneys general over the proposed Warner Bros. Discovery acquisition, with full details to be announced by California AG Rob Bonta on Monday.
  • The Block the Merger coalition, which campaigned against the deal, says the settlement fails average Americans and pledges to continue fighting media consolidation and push for policy reforms.
  • Settlement details remain undisclosed, but the coalition's response suggests the merger has been cleared to proceed.

“Block the Merger was never just about one merger, but about the harms of media consolidation and promoting a diversity of voices. We will continue fighting for accountability and policy reforms to break up and prevent these large conglomerates.”

Block the Merger coalition · The Wrap ↗

Block the Merger coalition anti-merger advocacy groupParamount acquiring companyRob BontaRob Bonta California Attorney General

Paramount settles antitrust lawsuit with 12 states; Block the Merger vows to continue fight
The Wrap

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 2 pieces in two hours at Sep 21, 11 AM; 2 pieces over 5 days (2 articles) Sep 21, 11 AM — 2 pieces · 2 articles — Newswires 2Sep 21, 1 PM — quietSep 21, 3 PM — quietSep 21, 5 PM — quietSep 21, 7 PM — quietSep 21, 9 PM — quietSep 21, 11 PM — quietSep 22, 1 AM — quietSep 22, 3 AM — quietSep 22, 5 AM — quietSep 22, 7 AM — quietSep 22, 9 AM — quietSep 22, 11 AM — quietSep 22, 1 PM — quietSep 22, 3 PM — quietSep 22, 5 PM — quietSep 22, 7 PM — quietSep 22, 9 PM — quietSep 22, 11 PM — quietSep 23, 1 AM — quietSep 23, 3 AM — quietSep 23, 5 AM — quietSep 23, 7 AM — quietSep 23, 9 AM — quietSep 23, 11 AM — quietSep 23, 1 PM — quietSep 23, 3 PM — quietSep 23, 5 PM — quietSep 23, 7 PM — quietSep 23, 9 PM — quietSep 23, 11 PM — quietSep 24, 1 AM — quietSep 24, 3 AM — quietSep 24, 5 AM — quietSep 24, 7 AM — quietSep 24, 9 AM — quietSep 24, 11 AM — quietSep 24, 1 PM — quietSep 24, 3 PM — quietSep 24, 5 PM — quietSep 24, 7 PM — quietSep 24, 9 PM — quietSep 24, 11 PM — quietYesterday, 1 AM — quietYesterday, 3 AM — quietYesterday, 5 AM — quietYesterday, 7 AM — quietYesterday, 9 AM — quietYesterday, 11 AM — quietYesterday, 1 PM — quietYesterday, 3 PM — quietYesterday, 5 PM — quietYesterday, 7 PM — quietYesterday, 9 PM — quietYesterday, 11 PM — quietToday, 1 AM — quietToday, 3 AM — quietToday, 5 AM — quietToday, 7 AM — quietToday, 9 AM — quietToday, 11 AM — quietToday, 1 PM — quiet 1–2
Sep 22Sep 23Sep 24yesterdaynow · 3:16 PM ET
  1. 2

    Block the Merger coalition denounces settlement as 'bad deal'

    The Block the Merger coalition responded with a statement expressing disappointment and anger, characterizing the settlement as harmful to film, entertainment, independent journalism, and democracy. The group vowed to continue fighting against media consolidation and pursue policy reforms.

    “This is a bad deal for the future of film, entertainment, independent journalism, and a strong democracy in this country. We are disappointed and angry that the interests of average Americans have been trampled to benefit oligarch billionaires.”
    — Block the Merger coalition
    1. 1 outlet Block the Merger Group ‘Disappointed’ and ‘Angry’ Over Paramount Settlement: ‘Not the Last You Will Hear From Us’

      first by The Wrap, 5d ago

  2. 1

    Paramount settles antitrust lawsuit with 12 state attorneys general

    Paramount reached a settlement with 12 state attorneys general over their antitrust lawsuit. Settlement details have not yet been disclosed, but California Attorney General Rob Bonta is scheduled to speak to press on Monday with a full announcement.