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0 0 -0.00108901618278045 0.000805871975257609 -0.0035501927558644 0.00189488815803806 0.00406203036177119 0.00298390434081851
Stock impact report

Paramount deal for CNN and Warner Bros. draws concerns about news independence [Yahoo! Finance]

Paramount Skydance Corporation - Class B (PSKY) 
Company Research Source: Yahoo! Finance
Both Ellisons maintain friendly relations with President Trump. (Brian van der Brug/Los Angeles Times) Should Paramount Skydance prevail in its $111-billion takeover of Warner Bros. Discovery, the Larry Ellison family would control two historic Hollywood film studios, dozens of cable channels, HBO and two legendary newsrooms, CBS News and CNN. Concerns about the potential loss of more Hollywood jobs, and questions about newsroom independence, dominated a hearing Friday to address Los Angeles' crisis of shrinking film and TV production jobs. Paramount wants to wrap up its Warner merger by September — a rapid timetable. The takeover deal, which was struck last month after Netflix bowed out, would put HBO and CNN under the control of Larry Ellison and his son David, the chairman of Paramount, which includes CBS. Both Ellisons maintain friendly relations with President Trump. Those bonds, along with challenges to legacy media and changes at CBS News in recent months, sparked handw Show less Read more
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