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FCC’s Gomez Calls For Review Of Paramount’s Dodgy Merger Financing
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FCC’s Gomez Calls For Review Of Paramount’s Dodgy Merger Financing

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from the dodgy-global-autocratic-disinformation-alliance dept Anna Gomez, the FCC’s lone Democratic Commissioner (because Republicans refuse to seat the second one) is calling for a rigorous review of Paramount and the Ellison family’s planned $111 billion merger with Warner Brothers. As Paramount recently revealed , 49.5 percent of the deal’s funding comes from Middle East and Chinese government-linked sources; just the sort of thing Republicans pretend to get mad about when engaged in stuff like, say, offloading TikTok to the POTUS’s rich friends . The FCC doesn’t have much of a role in the giant media merger approval process because public license transfers aren’t involved. But it does (in a theoretical country that respects the law) have a role to play in enforcing Communications Act restrictions that restrict foreign entities from holding more than a 25% indirect equity or voting interest in a U.S.…

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