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California AG drops opposition to Paramount-Warner deal

TVREV’s Alan Wolk reports that California AG Rob Bonta backed off his antitrust challenge to the Paramount-Warner merger after unions, theater chains and state political figures sided with the deal over fears of losing 30,000 jobs to another state.

Why it matters. Legacy media companies now have a cleared path to consolidate further as regulators show they’ll yield to jobs and relocation threats rather than block scale plays against tech giants.

Signal from TVREV · Alan Wolk · read the original.

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