Paramount, states discuss CNN monitoring and film release commitment, sources say
PSKY•Settlement terms under discussion
Independent content monitoring of CNN and a commitment on the number of theatrical releases are among the terms under discussion by Paramount PSKY.O and states seeking to block its acquisition of Warner Bros WBD.O, according to sources familiar with the matter.
A settlement could come as soon as this weekend or Monday, the sources said.
Final hurdle to Warner Bros acquisition
The case brought by California and 11 other states is the final hurdle to Paramount's bid to become a major rival of Netflix NFLX.O and Disney DIS.N. A settlement this week could help Paramount avoid paying millions of dollars in fees to Warner Bros shareholders.
Political scrutiny of Paramount's news coverage
Lawmakers have criticized Paramount CEO David Ellison for tailoring news coverage at Paramount-owned CBS News to favor President Donald Trump. Critics fear how he would manage Warner's CNN once it comes under his ownership.
