SacramentoCalifornia’s settlement clears Paramount’s $111 billion Warner takeover.
Paramount would own both CBS and CNN, and merge Paramount+ with HBO Max.
Massachusetts, New York, Connecticut and Minnesota conceded after California settled, winning independent editorial boards for CBS and CNN.
“Behavioral remedies routinely fail,” said Lina Khan, former Federal Trade Commission chair.
California and Paramount are due to announce the settlement terms Monday.
How each outlet framed it
- Ars Technica leans critical
- settles controversial $111B merger despite FTC chair's 'very strong' illegality assessment; shifts to behavioral remedies that 'routinely fail'
Sources: Ars Technica