FCC Chair Carr says California could drop lawsuit against Paramount, Warner Bros. merger if CNN is spun off
Source: The Hill
07/15/26 1:06 PM ET
Federal Communications Commission (FCC) Chair Brendan Carr said Wednesday California could drop its joint lawsuit against Paramount Skydances acquisition of Warner Bros. Discovery if CNN is spun off as its own media entity.
There was a story that broke a couple weeks ago that said that California was floating the idea, according to news reports, of dropping all antitrust litigation if there was one condition that was met, which is that the purchase involved was spinning off of CNN, Carr told The Hills Julia Manchester, noting that he doubts if the legal challenge will be successful.
He added he did not understand what antitrust theory you have that says theres a problem with this acquisition that is made or broken based on one cable channel being included. So, I think its a bit of a tell that this really isnt a legitimate antitrust case, but ultimately, thatll be up for the courts to decide, the FCC chair continued.
California Attorney General Rob Bonta (D) was among 12 state attorneys general who filed a joint lawsuit Monday seeking to block the pending takeover. They argue that the deal violates antitrust law and would enhance Paramounts power to set terms with theaters and cable channel distributors, while causing consumer prices to rise.
Read more: https://thehill.com/regulation/court-battles/5969820-fcc-chair-cnn-spinoff-rumor/
REFERENCE - https://www.democraticunderground.com/10143694810
ToxMarz
(3,256 posts)or head fakes.
"There was a story that broke a couple weeks ago.." sounds a lot like Trump's infamous "Many people are saying..."
kysrsoze
(6,462 posts)Add to that the sleight of hand move this week where the FCC looks to change the rules surrounding how many local stations can be owned by a single entity.
I can't imagine any scenario in which this sort of "settlement" would be floated before any court weighed on on the multistate lawsuit.
Wishful thinking.
Maybe he saw some random post from some random poster on social media floating this. But I doubt it has even that as a basis.
thesquanderer
(13,195 posts)One company having control over two of the biggest news providers (CBS and CNN), duh.
68er
(44 posts)...as turd-laden as they may be.