Reposted by @acadeem.bsky.social
FCC says Paramounts request to override Congress’s 1934 national security restrictions on foreign media ownership is in the “public interest”—& permits MiddleEastern royal families & wealth funds to own 50%+ of WarnerMount www.latimes.com/entertainmen... what is more public interest than🇸🇦owning CNN?
latimes.com
FCC approves foreign owners for a merged Paramount-Warner Bros.
Royal families of Saudi Arabia, Qatar and Abu Dhabi will own nearly 50% of the equity of a merged Paramount-Warner Bros. Discovery