Warren Warns $111 Billion Media Merger Could Be Unwound After 2028
Updated
Updated · The Guardian · Jun 25
Warren Warns $111 Billion Media Merger Could Be Unwound After 2028
2 articles · Updated · The Guardian · Jun 25
Summary
Elizabeth Warren said a future administration could retroactively break up Trump-approved mergers, singling out the Justice Department’s $111 billion Warner Bros Discovery-Paramount Skydance tie-up.
The Massachusetts senator argued antitrust law allows later reversals and said companies rushing deals now risk a political backlash if Democrats regain power after the 2028 election.
Her sharpest warning focused on the Ellison family’s expected control of CNN and CBS News, which she said could leave two major outlets under one decision-maker and tilt coverage toward Donald Trump.
Warren also tied the media deal to a broader merger wave, citing approvals for Nippon Steel-US Steel at $14.9 billion, Omnicom-Interpublic at $13.5 billion and Capital One-Discover at $35 billion.
State attorneys general are reportedly preparing a lawsuit over the media merger, while November’s midterms could give Democrats limited leverage even with Trump still able to veto legislation.