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Why the Paramount-Warner merger is a problem for democracy
Paramount acquired Warner Bros. Discovery in October 2026, creating a new company called Skydance Corporation.
Skydance owns major media properties, including CNN, CBS News, Warner Bros., Paramount Pictures, HBO, and Paramount+.
A coalition of 12 states sued to block the merger, arguing that it would reduce competition in movies and television.
Lawmakers raised concerns about political influence over CBS News, while critics warned that consolidation could reduce independent reporting and diverse voices.