Warner Bros Discovery, America's largest media company, faces a perfect storm with its impending deals. A $108 billion hostile takeover bid from Paramount Skydance, backed by Donald Trump's ally Larry Ellison, threatens free speech and democracy. Meanwhile, Netflix has submitted a $82.7 billion bid for the conglomerate, which would mark big tech's aggressive expansion into Hollywood.
Critics argue that both options are detrimental to the public interest, producing an unprecedented concentration of power over what Americans watch and which stories get told. Market power, as exercised by streaming giants like Netflix, can stifle speech. The platform's algorithmic control over content, including movies, documentaries, and satire, can silence dissenting voices and limit the scope of journalistic inquiry.
The Trump administration has weaponized merger reviews to extract editorial concessions from media companies desperate for regulatory approval. This coercion has already been evident in Paramount's settlement with CBS last year, where the corporation installed a "bias" monitor at CBS News after failing to secure Federal Communications Commission approval. The move was condemned by an FCC commissioner as "never-before-seen forms of government control over newsroom decisions."
The potential impact on CNN is concerning, particularly if the deal goes through. Stephen Colbert's late-night show was cancelled prior to the merger as a gesture to Trump, and now Paramount promises "sweeping changes" at the network – exactly what Trump has demanded.
Critics note that Netflix has its own troubling history of bowing to political pressure. In 2019, after removing a satirical news show critical of Saudi Arabia, CEO Reed Hastings defended the decision by saying they were not in the news business and did not aim for "truth to power." This false dichotomy ignores the role entertainment plays in shaping public opinion.
The upcoming deals would concentrate enormous power over what Americans watch and which stories are told. Both Netflix and Paramount Skydance threaten speech through market power and demonstrated capitulation, respectively. Combining two of the country's most influential news organizations under billionaire owners who have already shown a pattern of suppressing journalism to curry favor with Trump is particularly concerning.
Consolidation in the entertainment industry can lead to fewer buyers and distributors for challenging stories, making self-censorship more likely. The ultimate goal of these deals should be rejected by regulatory bodies that must act now to protect free speech and democracy.
Critics argue that both options are detrimental to the public interest, producing an unprecedented concentration of power over what Americans watch and which stories get told. Market power, as exercised by streaming giants like Netflix, can stifle speech. The platform's algorithmic control over content, including movies, documentaries, and satire, can silence dissenting voices and limit the scope of journalistic inquiry.
The Trump administration has weaponized merger reviews to extract editorial concessions from media companies desperate for regulatory approval. This coercion has already been evident in Paramount's settlement with CBS last year, where the corporation installed a "bias" monitor at CBS News after failing to secure Federal Communications Commission approval. The move was condemned by an FCC commissioner as "never-before-seen forms of government control over newsroom decisions."
The potential impact on CNN is concerning, particularly if the deal goes through. Stephen Colbert's late-night show was cancelled prior to the merger as a gesture to Trump, and now Paramount promises "sweeping changes" at the network – exactly what Trump has demanded.
Critics note that Netflix has its own troubling history of bowing to political pressure. In 2019, after removing a satirical news show critical of Saudi Arabia, CEO Reed Hastings defended the decision by saying they were not in the news business and did not aim for "truth to power." This false dichotomy ignores the role entertainment plays in shaping public opinion.
The upcoming deals would concentrate enormous power over what Americans watch and which stories are told. Both Netflix and Paramount Skydance threaten speech through market power and demonstrated capitulation, respectively. Combining two of the country's most influential news organizations under billionaire owners who have already shown a pattern of suppressing journalism to curry favor with Trump is particularly concerning.
Consolidation in the entertainment industry can lead to fewer buyers and distributors for challenging stories, making self-censorship more likely. The ultimate goal of these deals should be rejected by regulatory bodies that must act now to protect free speech and democracy.