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Gavin Newsom Bulks Up California’s Antitrust War Chest As State AG Contemplates Paramount-WBD Merger Battle

Deadline·Dominic Patten·18 days ago
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New antitrust litigation funding in Gavin Newsom ‘s final budget as California’s governor looks to provide a clue as to what the state plans to do about the contentious Paramount -Warner Bros Discovery merger. The just-released revised budget may be unexpectedly tax-revenue flush, but the likely 2028 White House candidate isn’t exiting Sacramento without firing off a multimillion-dollar antitrust salvo to corporate America and consolidating Hollywood. Message: Get ready to rumble! “In response to the federal government’s recent retreat from enforcing antitrust laws, the May Revision includes $14.3 million Special Funds in 2026-27, declining to $10.5 million in 2029-30, to address an anticipated increase in antitrust workload,” reads Newsom’s May Revision budget summary released Thursday. “The lack of federal oversight in this area leaves California individuals and businesses vulnerable to predatory business practices that threaten affordability and consumer rights,” the 105-page document adds.…

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