Report: Paramount, State AGs Have Agreed To Settlement In Merger Lawsuit

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Paramount Skydance has settled antitrust lawsuits with 12 US states, including California and New York, and the Writers Guild of America, clearing the path for its $110 billion acquisition of Warner Bros. Discovery. The agreement includes establishing a journalists' board for CNN and CBS News and committing to 30 annual film releases. While David Ellison confirmed complete clearance for the merger, the Block the Merger Group and other advocates expressed anger, claiming the deal harms competition and independent journalism.
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