Tweakers · Technology

Paramount Guarantees CNN Independence to Allow Warner Deal to Proceed

Paramount is trying to prevent a lawsuit that blocks the acquisition of Warner Bros. Discovery by guaranteeing CNN's journalistic independence.

Twelve US states are trying to thwart the 111 billion dollar acquisition, fearing that Paramount will gain too much power in the film and television industry. In addition to CNN, Paramount would also have to guarantee diversity at networks such as Comedy Central.

The acquisition, which also includes the rights to HBO Max and Discovery, was previously approved by the US, the EU, and shareholders. The states see the lawsuit as a last attempt to block the deal.

Paramount temporarily postponed the acquisition due to the lawsuit. However, there is pressure on the negotiations because the deal becomes more expensive from 1 October due to a 'ticking fee' of 7 million dollars per day.

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