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module 1bSubTitle
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module 1bSubTitle
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FOOTNOTE
THIS IS MODULE 17
The Justice Department has given the greenlight to Paramount Skydance’s $111 billion bid to acquire Warner Bros. Discovery, a merger with major implications for the media industry and consumers.
Among them: television news outlets CBS News and CNN could soon be housed under the same roof — with Bari Weiss at the head of the table for both.
The Justice Department’s antitrust division announced the news late Friday, noting in a statement it determined after an eight-month investigation that the megamerger “is not likely to result in harm to competition or American consumers.”
The deal is set to create one of the largest companies in the news and entertainment business. Paramount CEO.