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Warner Bros. Shareholders Approve Mega-Merger with Paramount Skydance

HeadlineApr 24, 2026

Shareholders of Warner Bros. Discovery have approved a $111 billion merger with Paramount Skydance. If the deal is approved by regulators, it will create a media conglomerate unrivaled in U.S. history, spanning news, sports, movies, video games, theme parks and more — all controlled by Paramount Chairman David Ellison, a vocal supporter of President Trump. On Thursday, members of Congress joined protesters on the National Mall, close to where David Ellison hosted a lavish, invitation-only dinner to honor President Trump at the U.S. Institute of Peace ahead of the White House Correspondents’ Dinner this weekend. This is Craig Aaron, president of Free Press and Free Press Action.

Craig Aaron: “And this incredible concentration of media power, the idea that one company could own two of the five biggest movie studios, that it could own CNN and CBS and HBO, and a big piece of TikTok, all under one corporate umbrella, is just too much media power in too few hands.”

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