Today, billionaires have yet again bribed, censored, and bullied their way to the top. As a result, a billionaire media conglomerate closely allied with the president will soon own one of its closest rivals, including some of the nation’s most critical news outlets. Saudi Arabia’s sovereign wealth fund will co-own those outlets, too.
Layoffs will follow. People from L.A. to Atlanta will lose their jobs, small businesses will lose their contracts, your cable bill and movie ticket will be even more expensive. Dissent against money and power will be even harder to find.
This did not have to happen. Thanks to an extraordinary outpouring of grassroots anger against the merger, a coalition of 12 state attorneys general sued to block it. They beat Paramount in court, winning a court-ordered pause on the merger, and beat them again at the negotiating table, getting the conglomerate to agree to pause the merger until as late as next June.
But the Ellison family does not care about the law. Instead, they loudly threatened to leave California if their merger did not go through immediately. Gavin Newsom caved to that pressure. So did Xavier Becerra. And eventually, so did Attorney General Rob Bonta, agreeing to a weak settlement that will be exceedingly difficult to enforce.
People want champions who are not afraid of rich bullies. Newsom, Becerra, and Bonta did not meet that mark. The people who work in the film and TV industry and the small businesses who support it will suffer as a result. And so will everyone who values dissent in our democracy.
This is not the end. The coalition that fought to block this illegal merger will fight to break up big media. There is legislation pending in Congress today that would retroactively break up corrupt billionaire mergers. This industry was once marked with strict rules so that a small handful of conglomerates couldn’t own everything. There’s no reason we cannot return to that reality. There’s no reason we can’t build on it.
But today is a loss, and that loss will be felt by the people who can least afford it.
Donald Trump couldn’t be heard at today’s White House event due to an absent press pool.
The press are currently boycotting White House pool coverage in response to the Trump administration’s ban on CNN and other outlets.
Paramount reaches a settlement with the 12 states suing over its Warner Bros. merger and can move forward with the deal.
An official announcement is expected later today.
🔗: https://t.co/SXaOXQFGvv
Shout-out to the Miccosukee Tribe for successfully fighting against and helping shut down Alligator Alcatraz. I didn't see them get much credit. Their efforts should be recognized. ✊🏼
"We'll be forced to sign false confessions, there's no way out"
"What if we wear them down first?"
"How"
"I know who we should call"
Liam Neeson's cameo in Derry Girls was iconic... but he didn't stand a chance against Uncle Colm. 😭😂😂