Warner Bros. Discovery shareholders approve Ellison family purchase

6 articles · Updated · robertreich.substack.com · May 1

The vote passed by 1.743 billion shares to 16.3 million, after more than 4,000 media workers warned the deal could damage the industry.
The report says the company carries $79 billion in debt and argues the takeover could trigger job cuts, wage pressure and further consolidation across major US media assets.
Institutional investors including Vanguard, BlackRock and State Street backed the sale, while the article says regulatory approval would deepen concerns about concentrated ownership and political influence in news and entertainment.

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