politics
Dem senators call on FCC to pause Paramount-Warner Bros deal on national security grounds
Key takeaways
- Discovery, warning that the deal could pose a national security risk due to the involvement of foreign investors.
- That review must rigorously assess the national security threats posed by foreign government investment in one of the nation s largest news media companies, they wrote.
- The senators cited financial disclosures showing that foreign investors would hold an approximately 49.5 percent ownership stake in the combined company once the deal closes.
Why this matters: political developments that affect policy direction and public trust.
Discovery, warning that the deal could pose a national security risk due to the involvement of foreign investors.
Sens. Cory Booker (D-N.J.), Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) urged FCC Chairman Brendan Carr in a joint letter on Thursday to block any premature closing of the merger until a full review of foreign ownership interests is completed.
That review must rigorously assess the national security threats posed by foreign government investment in one of the nation s largest news media companies, they wrote.
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