Topline
Paramount Skydance CEO David Ellison on Tuesday argued an antitrust lawsuit seeking to end his firm’s takeover of Warner Bros. Discovery is because of his politics and pending ownership of CNN, after Paramount agreed to push back its deal to 2027 following a legal challenge by a dozen states.
Paramount Skydance said it would push back its merger until 2027.
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Key Facts
“I believe this fight is not really about market share,” Ellison wrote in an op-ed for The New York Times, adding, “The issue is whether I can be trusted as a steward of Warner’s CNN.”
This is a developing story.