Two government watchdog groups have demanded investigations into whether Federal Communications Commission members violated ethics requirements by accepting luxury gala tickets from Paramount as the company sought government approval for its $111 billion acquisition of Warner Bros. Discovery. The complaints filed by Democracy Defenders Fund and Citizens for Responsibility and Ethics in…
Source
A grand jury in Washington, D.C., has indicted former U.S. Olympic canoeist David “Davey” Hearn on a felony charge for allegedly vandalizing the Lincoln Memorial Reflecting Pool on June 19. He is facing a possible maximum sentence of 10 years in prison if convicted. Hearn, who denies the accusations, says he had noticed a partly detached piece of the Reflecting Pool’s blue liner and reached into…
Source
The Trump administration has approved media conglomerate Paramount’s $111 billion bid to acquire Warner Bros., one year after Paramount and Skydance Media signed a similar merger that placed Paramount’s movie studio, streaming service and broadcast network CBS under the control of the multibillionaire Ellison family, founders of Skydance and close allies of Donald Trump. The Warner Bros. merger…
Source
Oracle co-founder Larry Ellison, an ally of US President Donald Trump and one of the richest men in the world, pledged on Monday to provide $40.4 billion to help finance his son’s hostile bid to acquire Warner Bros. Discovery, the owner of CNN, HBO Max, and other major media assets. The billionaire’s personal financing guarantee was announced in a press release issued by Paramount Skydance…
Source