“Allowing one Trump-aligned, foreign-owned conglomerate to dominate American news and entertainment is a disastrous outcome. After the Trump administration ran an apparently corrupt antitrust review process to wave through a blatantly illegal merger, this settlement greenlights an anti-monopoly disaster that will result in higher prices and fewer jobs, and enables a handful of billionaires to call the shots in the American media. Corporate executives for aspiring monopolies are always quick to offer unenforceable promises to close a deal, but it is workers and consumers who ultimately pay the price. The new Paramount behemoth is a clear candidate for antitrust scrutiny in a future pro-competition Administration.”
Elizabeth Warren: ““Allowing one Trump-aligned, foreign-owned conglomerate to dominate American news and entertainment is a disastrous…”
Editor's note · Context
Response to settlement of merger case against Paramount Global.
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