California AG Rob Bonta Caves, Paramount Merger To Proceed With Flimsy Conditions

California AG Rob Bonta has caved to what was a relentless, bipartisan pressure campaign to settle the 12 state antitrust lawsuit against Paramount. The AGs sued Paramount last July, arguing (correctly) that the $111 billion deal would largely be anti-competitive, resulting in mass layoffs as the even bigger Larry Ellison-owned company forces labor and consumers to pay down the deal’s mammoth debt load. The final settlement language hasn’t been made public, but a Bloomberg report indicates there’s not much to it. It will feature some sort of board that will purportedly try and keep CNN from going the same direction as CBS under Bari Weiss (good luck), and some language holding Paramount’s feet to the fire in terms...

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