Dem senators call on FCC to pause Paramount-Warner Bros deal on national security grounds
Source: The Hill
06/19/26 11:03 PM ET
Three Democratic senators are pressing the Federal Communications Commission (FCC) to halt a merger between Paramount and Warner Bros. Discovery, warning that the deal could pose a national security risk due to the involvement of foreign investors.
Sens. Cory Booker (D-N.J.), Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) urged FCC Chairman Brendan Carr in a joint letter on Thursday to block any premature closing of the merger until a full review of foreign ownership interests is completed.
That review must rigorously assess the national security threats posed by foreign government investment in one of the nations largest news media companies, they wrote.
The senators cited financial disclosures showing that foreign investors would hold an approximately 49.5 percent ownership stake in the combined company once the deal closes.
Read more: https://thehill.com/media/5932485-paramount-warner-merger-democrats/
Link to Sen. Booker PRESS RELEASE - Booker, Schiff, Warren Urge FCC to Halt ParamountWarner Bros. Merger Over National Security Risks
Link to LETTER (inquiry) (PDF) - https://www.booker.senate.gov/imo/media/doc/61826lettertofccchaircarrreforeignfundinginparamountwbdmerge.pdf
WSHazel
(905 posts)Democrats should do everything in their power to stop this merger, including warning Paramount that Democrats will make their life a living hell and will reverse the merger as soon as they can.
Lovie777
(24,347 posts)SSJVegeta
(3,396 posts)😆
BumRushDaShow
(173,302 posts)that some GOPers might respond to.
bmichaelh
(1,312 posts)In the film Network, anchorman Howard Beale was able to stop Saudis from buying his parent company by having his viewers flood the White House with telegrams and letters.
But if that happened today, White House would not care.
RainCaster
(13,942 posts)Anything more then 5 syllables per page is too complicated for the Mango Mussolini.