Paramount-WBD Antitrust Fight Chills Wider Media Dealmaking

CNBC reports the states' suit against the $111 billion Paramount-Warner Bros. Discovery deal is making boards and bankers hesitant to launch new media transactions until the March trial clarifies the rules. In a same-day essay, analyst Doug Shapiro calls the states' case misguided, arguing forced structural remedies would backfire on the workers and consumers they claim to protect.