"Warner Bros Discovery's future is in the spotlight amid a hostile bid by Paramount-Skydance to take over the storied media conglomerate that owns CBS, Comedy Central, Nickelodeon and major movie studios, days after it agreed to a deal with streaming giant Netflix. Paramount put in a $108bn bid, compared to Netflix's $82.7bn. Netflix's move came with widespread antitrust concern, with progressives like Democratic Senator Elizabeth Warren saying it would limit access for consumers and filmmakers in Hollywood."
"Paramount's bid for Warner Bros Discovery, however, was undercut by a slew of conflicts of interest and connections to the administration of United States President Donald Trump, and accompanying concerns about freedom of expression. Those come in addition to recent changes at CBS News, where a conservative opinion writer has been brought in as the top boss, and there is pressure on coverage critical of Trump, including by late-night show hosts."
Paramount-Skydance launched a $108bn hostile bid for Warner Bros Discovery, outbidding Netflix's $82.7bn offer. Netflix's bid prompted antitrust concerns from progressives such as Senator Elizabeth Warren and drew White House scrutiny. Paramount's bid faces scrutiny over conflicts of interest and links to the Trump administration, with financing tied to Jared Kushner's Affinity Partners and Saudi and Qatari sovereign wealth funds. Concerns about freedom of expression and editorial independence have intensified amid staffing changes at CBS News and reported pressure on coverage critical of Donald Trump. Public statements from Trump about involvement and relationships have been conflicting.
Read at www.aljazeera.com
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