Warren Statement on Paramount-Warner Bros. Settlement

Washington, D.C. – Today, in response to the news that state Attorneys General settled the case against Paramount Global (Paramount)’s merger with Warner Bros., U.S. Senator Elizabeth Warren (D-Mass.) released the following statement: “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.” ###