"Based on research from the Global Media & Internet Concentration Project, our analysis shows that Paramount Skydance-Warner Bros. Discovery would gain control of more than a quarter of the US$223 billion U.S. media market, along with influence over film, television, streaming and the cloud infrastructure upon which digital media increasingly depends. The combined entity would acquire nearly half of the cable television market, including HBO and CNN. The merger would nearly double Paramount's share of the video streaming market, uniting HBO Max, Paramount+ and Discovery."
"The suspension is a harbinger of what could happen under a fundamental restructuring of U.S. media that will take place if the proposed Paramount Skydance and Warner Bros. Discovery merger is approved by the Trump administration. This is exactly the type of merger that U.S. antitrust agencies have historically scrutinized because of concerns that excessive market concentration gives too much power to a few companies. In media markets, such concerns are pronounced: Concentration threatens media diversity and increases the risk of media bias."
Federal Communications Commission Chairman Brendan Carr issued unprecedented threats; major affiliate owners Nexstar and Sinclair pressured Disney's ABC to pull Jimmy Kimmel's show over comments related to Charlie Kirk's killing. The suspension illustrates risks to editorial independence under concentrated media ownership. Paramount Skydance–Warner Bros. Discovery would control more than a quarter of the US$223 billion U.S. media market and nearly half of the cable television market, including HBO and CNN. The merger would nearly double Paramount's streaming share by uniting HBO Max, Paramount+ and Discovery and would capture nearly one-third of the film production market. Concentration raises antitrust and media-diversity concerns and increases the risk of political influence.
Read at Fast Company
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