Tag Archives: donald trump

Trump’s DoJ Supports his Buddy David Ellison’s Bond Demand in its Antitrust Fight with States

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The Ellison’s support of Donald Trump keeps paying off as the Department of Justice, under President Trump, have filed to support David Ellison and Paramount‘s demand for a $1.88 billion bond from a dozen states and the Writers Guild of America in the antitrust lawsuit currently going on over Paramount’s attempt to acquire Warner Bros. Discovery. On August 17, Paramount requested the bond, a federal law protects mergers and acquisition parties from “potential harm” from halting the deal for litigation.

In July, a dozen states, as well as the Writers Guild of America, sued Paramount citing antitrust concerns to stop the $111 billion deal to take over Warner Bros. Discovery. With the trial set to take place in March 2027, the deal will be delayed with a cost increase, “ticking fee,” for Paramount Skydance to complete its purchase. The price increases 25 cents per share per quarter after September 30 it’s not approved. That would add $627 million each quarter, or roughly $7 million per day and if the court case’s timeline remains what has been proposed, it’ll add about $1.3 billion to the $111 billion cost. Paramount’s bond request is an attempt to recover that increased cost. The bond would cover potential damages if the preliminary injunction under federal antitrust law is overturned.

Paramount had agreed to freeze its acquisition until the trial is completed or June 2027, whichever comes first, before filing the bond request.

ABC has filed a First Amendment lawsuit against the FCC’s “Deeply un-American” Censorship

ABC and Disney are taking the fight to the FCC and the Trump Administration for what it calls a “retaliatory campaign against ABC for a single reason: it disapproves of what ABC broadcasts.“

Earlier this year, the FCC, and thus the Trump Administration, began to threaten ABC and its parent company Disney over speech that aired on the channel it disagreed with. ABC was directed by the FCC to file early renewals for its licensed TV stations, applying to eight affiliate stations owned by ABC. The FCC, and its chair Brendan Carr, were also investigating Disney for its “DEI practices,” claiming “possible violations of the Communications Act of 1934 and the FCC’s rules, including the agency’s prohibition on unlawful discrimination.”

Unlike other media companies and businesses that have caved to threats from the administration (including pretty obvious settlement bribes to Trump charities), Disney and ABC are fighting back, having filed a lawsuit against the FCC, its chairman Brendan Carr, commissioner Anna Gomez, commissioner Olivia Trusty, and two “John Does” also listed as commissioners of the FCC who have yet to be appointed.

In the filing, ABC and Disney highlight attacks on the channel and its talent’s free speech by President Donald Trump, using his own words and social media posts against him. It also quotes Carr who issued an ultimatum regarding on-air comments by ABC’s late-night host Jimmy Kimmel, “We can do this the easy way or the hard way. These companies can find ways . . . to take action . . . on Kimmel, or there is going to be additional work for the FCC ahead.”

ABC and Disney say they have seen increased pressure from the administration that has culminated in threats of broadcast licenses for the eight stations mentioned above and notes how early the reviews have been demanded, some not even halfway through their current license terms.

ABC also highlights this pressure has impacted programming decisions, deciding to livestream a speech by President Trump but not broadcasting it on television which resulted in President Trump calling for the revocation of the ABC owned stations’ broadcast licenses as well as NBC which also chose to not cover the speech.

Since the Commission cannot lawfully grant renewal this early, ABC and Disney are convinced a decision from the FCC, which is expected soon, will be a negative one.

The consequences of the Administration’s campaign against free speech reach well beyond ABC. If the Administration gets its way, the message to every media company in the country will be unmistakable: tell only the stories the Administration deems favorable, or face the coercive machinery of the federal government. In such a world, the press could in no way be described as free.

The FCC Chairman has left little doubt that this is his goal. He has publicly touted the Administration’s success in extracting speech-related concessions from other media companies, boasting that it has “t[aken] on the fake news media” and is “winning,” cataloguing with evident pride the perceived critical voices that have been taken off the air.

ABC and Disney are asking for the court to:

Declare that Defendants’ order requiring that Plaintiffs file early license renewal applications constitutes retaliatory action in violation of Plaintiffs’ rights under the First Amendment to the U.S. Constitution.

Enter temporary, preliminary, and permanent orders providing that Defendants, their officers, agents, and employees subject to their supervision, direction, and control are enjoined from taking any continuing or further action against Plaintiffs in relation to the early license renewal applications, including issuing a Hearing Designation Order;

Enter temporary, preliminary, and permanent orders, providing that Defendants, their officers, agents, and employees subject to their supervision, direction, and control are enjoined from taking any actions, formal or informal, to coerce or threaten Plaintiffs with sanctions in an effort to alter their exercise of editorial discretion; and

Grant such other and further relief as this Court deems necessary and just.

In their complaint, ABC and Disney lay out how threats from the White House and FCC have impacted their coverage and decisions and is an example as to why the acquisition of Warner Bros. Discovery by Paramount should be stopped. The media company has already shown its willingness to cater to Trump’s complaints and whims.

You can read ABC and Disney’s full filing with detailed history of the attack by President Trump, the White House, and FCC against the companies.

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The European Commission Approves Paramount’s Acquisition of Warner Bros. Discovery with Conditions

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The European Commission has approved Paramount Skydance‘s $111 billion acquisition of Warner Bros. Discovery. The approval does come with some conditions.

  • Paramount must terminated its stake in a theatrical distribution joint venture with Universal Pictures called United International Pictures. This must be done within 13 months of the closing of the transaction.
  • It can not go into an agreement or understanding with Universal to co-distribute films in the European Union for 10 years.
  • The company can’t move the distribution of Warner Bros. films from their existing distributor to the one used by Paramount where that distributor also distributes Universal’s or Disney’s films in Bulgaria, Croatia, Czechia, Cyprus, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Latvia, Lithuania, Norway, Poland, Portugal, Romania, Slovakia, Slovenia and Sweden.
  • Paramount won’t shift its distribution of its films to the distributor used by Warner Bros. where that distributor also distributes Universal or Disney films.

The commission felt that there was enough competition for film production in the EU and US including Disney, Universal, Sony, MGM, A24, Lionsgate, and more. It also didn’t think there was issues when it came to the overlap in pay-tv channels, in particular for children.

The deal still has many hurdles to go before it’s completed. United Kingdom’s Competition and Markets Authority must still approve the deal plus there’s multiple lawsuits including one brought by the attorneys general from a dozen states that has led to a temporary restraining order concerning the deal. Paramount has requested a speedy trial and skip a hearing regarding the restraining order.

Paramount has filed for an Expedited Evidentiary Hearing to Avoid a Lengthy Process and Increased Cost to get Warner Bros. Discovery

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The clock is ticking for Paramount Skydance when it comes to their takeover over Warner Bros. Discovery. The business move has a temporary restraining order granted preventing it from going forward inching the entertainment company closer to its September 30 deadline to complete the deal.

On July 13, a dozen attorneys general filed a lawsuit focused on antitrust and competition against the deal which would have Paramount Acquiring WBD. On July 20, a judge granted a temporary restraining order preventing the deal from being “closing” or “consummating” or taking any steps that would integrate or consolidate the operations.

Paramount has filed a motion for an abbreviated three-day evidentiary hearing to present its case to the court. A hearing was set for August 3 but Paramount is asking for that to be pushed to the week of August 17 or August 24 with a mini trial instead of a focus on the preliminary injunction.

Paramount wants the case to go quickly as the cost to purchase WBD increases if the deal isn’t done by September 30. The price increases 25 cents per share per quarter it’s not approved. That would add $627 million to the cost of the overall deal each quarter, or roughly $7 million per day. This lawsuit will likely drag on for months if it moves forward making it unlikely the deal will close by that date. The company has said delays could force it to renegotiate the deal’s financing, cause uncertainty for its stock price, or end the transaction altogether.

Restraining Order Granted in Paramount Skydance/Warner Bros. Discovery Merger

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It’s an early win for a dozen State Attorneys General in their lawsuit attempting to stop the merger between Paramount Skydance and Warner Bros. Discovery. The temporary restraining order pauses the merger for 14 days and in response to a lawsuit filed July 13 by California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington.

The lawsuit was filed in the U.S. District for the Northern District of California and alleges the deal violates Section 7 of the Clayton Act. That focuses on lessening competition through mergers and is an attempt to prevent monopolies.

U.S. District Judge Araceli Martinez-Olguin wrote that the AG’s:

…present compelling evidence that the combined firm resulting from the transaction will possess substantial market share in the wide-release theatrical distribution market.

On this combined firm market share alone, the Court is persuaded that it can presume the proposed merger is likely to violate antitrust laws.

The order prevents the deal from “closing” or “consummating” or taking any steps that would integrate or consolidate the operations.

Attorney General Bonta said in a statement:

My office and attorneys general nationwide have secured an emergency order blocking the unlawful merger of Warner Bros. and Paramount. This is a critical first win in our case to ensure this megamerger never sees the light of day. History tells the tale of what happens when a few people have great power over markets that are central to Americans’ lives: fewer opportunities for more people, worse products and services for all people. With our lawsuit, we’re fighting for a free and fair market and a thriving film and television industry that serves creatives and audiences alike. We have a full tank of gas, the law on our side, and look forward to continuing to make our case.

The AGs argued the temporary restraining order was needed because Paramount had indicated it could possibly close the deal soon. Paramount’s lead attorney, Jeffrey Kessler, said that they were prepared to commit to not closing the merger for the next 28 days.

The decision is important as it delays the closing of the deal for Paramount. Paramount Skydance wants the deal to close before September 30, 2026 or the cost will increase the longer it drags on. The price increases 25 cents per share per quarter it’s not approved. That would add $627 million to the cost of the overall deal each quarter, or roughly $7 million per day. This lawsuit could drag on for months making it unlikely the deal will close by that date. The company has said delays could force it to renegotiate the deal’s financing, cause uncertainty for its stock price, or end the transaction altogether.

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Alan Cumming and Block the Merger UK urge a Stop to the Paramount Skydance/Warner Bros. Discovery Merger

With the acquisition of Warner Bros. Discovery by Paramount Skydance having been approved by some governments, but more to come, organizing against the deal has ramped up. Alan Cumming and Block the Merger UK has been urging individuals to speak out against the deal ahead of a decision by the UK government.

Block the Merger UK is urging people to contact the Department for Culture, Media and Sport or Ofcom and demand the merger is examined in depth.

Cumming and the organization highlight the consolidation leads to “one country” controlling a “massive slice of what we watch in Britain.” This new company would be “beholden to Donald Trump, autocrats and oligarchs.”

Concerns of job cuts are also raised and there’s still time for UK regulators to hear input from citizens.

A website has been set up with an email template and ways, and who, to contact.

Block the Merger was launched in April spinning out of a coalition of Hollywood stars and staff spoke up against the merger.

UK Culture Secretary Lisa Nandy said last month she is “minded to intervene” in the $110 billion takeover. A formal decision has not been made. If there is intervention, it’d trigger investigations by Ofcom and the Competition and Markets Authority, the antitrust watchdog.

But, things are up in the air as the House of Commons has gone into recess with any update by Nandy. That means things are potentially in limbo until September 1 when Parliament returns from its summer break.

Paramount has a deadline of September 30 to close the deal. If it doesn’t the price increases with a “ticking fee” that increases share cost by 25 cents per share, about $650 million, for every quarter beyond the third.

The deal could still close without UK clearance. The CMA though is investigating the merger and intends to issue an update August 7.

The deal between Paramount and Warner Bros. Discovery has come under heavy scrutiny this past week with a dozen attorneys general suing to stop the deal as well as the Writer’s Guild of America suing, and a third lawsuit involving shareholders.

Paramount Shareholders Sue David and Larry Ellison over “Illegal” Deal to acquire Warner Bros. Discovery

It hasn’t been a good week for the Ellisons and Paramount Skydance with multiple lawsuits being filed regarding their attempted takeover of Warner Bros. Discovery. This week, a dozen attorneys general sued claiming antitrust violations and the Writers Guild of America stepped in with a lawsuit of their own. Now, shareholders of Paramount are suing saying the father/son duo cut an “illegal” deal with President Donald Trump to secure the government’s approval of the takeover. Trump’s government approved the deal in June though there’s been some concerns raised about the approval process.

The shareholder lawsuit is attempting to block the $111 billion merger along with unspecified monetary damages. The lawsuit claims that the Ellisons promised “illegal private benefits” to President Trump in exchange for the government approval.

That side deal would include funneling money to Trump by settling his legal claims against CNN as well as firing CNN anchors Trump does not like.

The lawsuit states:

The Ellisons’ actions not only harm the reputations of the news outlets they currently own, which are hemorrhaging viewers, but they are latent liabilities waiting to be triggered by a future administration.

Paramount has responded through a spokesperson:

This lawsuit recycles allegations that have already been reported and already addressed. As we’ve said consistently: no commitments from either David or Larry Ellison have been made to any government body, State AG, or federal agency regarding the future of CNN or any other news property, other than the goal to deliver truth-based journalism.

The Warner Bros. Discovery transaction stands on its own merits. Combining these two libraries and platforms gives consumers more choice, not less — greater investment in original programming, a stronger competitor to streaming rivals, and a more durable footing for journalism and storytelling alike. We remain confident in the merger’s fundamentals and will continue toward closing.

The lawsuit not only names the Ellisons but also includes Paramount Skydance board members: Gerry Cardinale, Safra Catz, Andrew Brandon-Gordon, Paul Marinelli, John Thornton, Barbara Byrne, Andrew Campion, Justin Hamill and Sherry Lansing.

Paramount Skydance also faces a hurdle in the European Commission and the U.K. The company has attempted to address EU competition concerns such as ending a film distribution venture it has with Universe Pictures. The European Commission has extended its deadline for its decision from July 7 to July 22.

Paramount Skydance wants the deal to close before September 1, 2026 or the cost will increase the longer it drags on. The price increases 25 cents per share per quarter it’s not approved. That would add $627 million to the cost of the overall deal each quarter, or roughly $7 million per day. This lawsuit will likely drag on for months if it moves forward making it unlikely the deal will close by that date. The company has said delays could force it to renegotiate the deal’s financing, cause uncertainty for its stock price, or end the the transaction altogether.

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The WGA has filed a lawsuit to Block the Paramount-Warner Bros. Discovery Merger

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Things are heating up when it comes to the Paramount Skydance acquisition of Warner Bros. Discovery. Yesterday, a dozen attorneys general filed a lawsuit to stop the merger. On the same day, the Writers Guild of America West and Writers Guild of America East also filed a lawsuit to block the proposed merger.

In the complaint, the WGA states the merger would reduce opportunities, lower pay, and worsen working conditions for writers. They also state the merger would reduce output as well as suppress competition for writers’ work.

The WGA complaint focuses on the anticompetitive effects of the merger in three markets for writing services: anticipated top grossing films, episodic television and streaming series, and overall deals.

In June, the White House and the Department of Justice approved the merger. Oregon has been investigating Paramount Skydance’s “Project Warrior” which was focused on winning approval for the deal. They recently withdrew motions regarding their own lawsuit. It’s unknown if they’ll continue to pursue that as they are a part of antitrust lawsuit by the attorneys general.

Paramount Skydance still faces a hurdle in the European Commission and the U.K. The company has attempted to address EU competition concerns such as ending a film distribution venture it has with Universe Pictures. The European Commission has extended its deadline for its decision from July 7 to July 22.

Paramount Skydance wants the deal to close before September 1, 2026 or the cost will increase the longer it drags on. The price increases 25 cents per share per quarter it’s not approved. That would add $627 million to the cost of the overall deal each quarter, or roughly $7 million per day. This lawsuit will likely drag on for months if it moves forward making it unlikely the deal will close by that date. The company has said delays could force it to renegotiate the deal’s financing, cause uncertainty for its stock price, or end the the transaction altogether.

California leads 11 Other States in Suing to Block Paramount’s Acquisition of Warner Bros. Discovery

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As expected, California and 11 other states have filed a lawsuit to stop Paramount Skydance‘s acquisition of Warner Bros. Discovery. They state that the $110 billion deal would lessen competition in film distribution and television as well as harm theaters and television distributors.

The lawsuit is being lead by California Attorney General Bonta and includes Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, and Washington.

The lawsuit was filed in the U.S. District for the Northern District of California and alleges the deal violates Section 7 of the Clayton Act. That focuses on lessening competition through mergers and is an attempt to prevent monopolies.

In the lawsuit the attorneys general allege:

  • Wide Release Theatrical Film Distribution, where Warner Bros. and Paramount are two of the five major film distributors and would combine for around 27% share of the market. After the merger, only three distributors will control 75% of these films and only four distributors (Defendants, Disney, Universal, and Sony) will control 86% of them.
  • Anticipated Top-Grossing Theatrical Film Distribution, a submarket of theatrical film distribution focused on anticipated blockbuster films with wide audiences and large production budgets. After the merger, Defendants will control more than 30% of these films, and four distributors (Defendants, Disney, Universal, and Sony) will control more than 90% of them.
  • Licensing Basic Cable Television Channels, or the market for distributing basic cable channels to cable and satellite providers. Warner Bros. is the second largest and Paramount is the third largest in this market, and they would combine for a 27% share.

In June, the White House and the Department of Justice approved the merger. Oregon has been investigating Paramount Skydance’s “Project Warrior” which was focused on winning approval for the deal. They recently withdrew motions regarding their own lawsuit. It’s unknown if they’ll continue to pursue that as they are a part of this.

Paramount Skydance still faces a hurdle in the European Commission and the U.K. The company has attempted to address EU competition concerns such as ending a film distribution venture it has with Universe Pictures. The European Commission has extended its deadline for its decision from July 7 to July 22.

Paramount Skydance wants the deal to close before September 30, 2026 or the cost will increase the longer it drags on. The price increases 25 cents per share per quarter it’s not approved. That would add $627 million to the cost of the overall deal each quarter, or roughly $7 million per day. This lawsuit will likely drag on for months if it moves forward making it unlikely the deal will close by that date. The company has said delays could force it to renegotiate the deal’s financing, cause uncertainty for its stock price, or end the the transaction altogether.

Oregon Attorney General investigating Paramount over its Warner Bros. Discovery Deal

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Oregon’s Attorney General Dan Rayfield is stepping into the acquisition of Warner Bros. Discovery by Paramount Skydance. The office had asked for records regarding the deal, in particular its “Project Warrior,” the lobbying of the White House and the Department of Justice, questioning their approval of the merger in June.

The office had asked for records regarding the deal and stated that Paramount Skydance had not been responsive to record requests. The company has responded back that those records are not pertinent to antitrust concerns.

After initially filing multiple motions, the Attorney General’s withdrew the request to delay the closing of the merger as well as the request of records. The $110 billion acquisition could close as early as July 22.

The investigation is not over though, and the office has stated they are considering their next steps. Jenny Hansson, a spokeswoman for the A.G.’s office, said:

Paramount made it clear that they weren’t going to comply with the investigative demand, and that they think they’re above the law. We’re not going to let them waste Oregonians’ resources on these games. We’ve withdrawn the motion to consider our next steps.

Oregon is the first state to step in regarding the deal but more may join as California’s Attorney General has voiced concern over the deal and it is expected a motion will be filed in the next few weeks regarding it.

Paramount Skydance still faces a hurdle in the European Commission and the U.K. The company has attempted to address EU competition concerns such as ending a film distribution venture it has with Universe Pictures. The European Commission has extended its deadline for its decision from July 7 to July 22.

Paramount Skydance wants the deal to close before September 1, 2026 or the cost will increase the longer it drags on. The price increases 25 cents per share per quarter it’s not approved. That would add $627 million to the cost of the overall deal each quarter, or roughly $7 million per day.

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