The Trump administration has approved Paramount’s $111 billion bid to acquire Warner Bros. On Friday, the Justice Department’s Antitrust Division said it had seen no evidence that the media megamerger would harm consumers, writing instead that the deal would “increase competition across the media and entertainment ecosystem.” If completed, the merger would consolidate two major movie studios, two top streaming services, and news outlets CNN and CBS News — all under the control of billionaire David Ellison, a vocal supporter of President Trump.