The Justice Department said Friday that it concluded that Paramount‘s proposed acquisition of Warner Bros Discovery was “not likely to result in harm to competition or American consumers,” citing its review of the streaming, linear television and ...

Paramount's acquisition of Warner Bros. is closer than ever to happening. The Antitrust Division of the U.S. Department of Justice announced Friday it had closed its investigation into the merger and won't contest Paramount's $111 billion buyout of Warner Bros

Hollywood’s writers have opened a powerful second antitrust front that could delay or ultimately destroy the Paramount-Warner merger.

The consolidation of these media entities means Paramount would eventually own both CNN and CBS, allowing it to tilt news coverage to enhance its own media power,' writes an L.A. Times reader.