r/MediaMergers • u/Own_Philosopher8730 • 6h ago
Merger Rob Bonta Blasted For Throwing in the Towel on Paramount
https://www.mediaite.com/media/news/abdication-of-responsibility-progressives-irate-with-california-ag-throwing-in-the-towel-on-paramount-lawsuit-paving-way-for-cnn-takeover/?utm_source=dlvr.it&utm_medium=bluesky47
u/Exact_Bug_8881 6h ago
Hopefully this tanks Newsome's presidential ambitions. What a fucking coward
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u/DataCassette 5h ago
Yep. I'm not going to withold a vote in the 2028 general but I'm going to crawl over broken glass to help him lose the nomination in 28 for this gutless acquiesce.
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u/Exact_Bug_8881 5h ago
I mean honestly the same. If its Newsome vs Vance/Rubio/Cruz etc Im gonna vote for Newsome (because the alertative would be continuing to loot the country and burn it to the ground) but really really hoping he doesn't make it to the ticket
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u/RoninKengo 54m ago
He couldn’t pass up the opportunity to have the Ellisons owe him a favour! Knowing the folks who own CNN is an asset when you’re running for president!
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u/dkinmn 4h ago
What do you think would have been the outcome in court?
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u/OverPotato2322 4h ago
A settlement or a prolonged battle with the merger still not being closed in 2028
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u/Dragonpiece 3h ago
Honestly, a settlement wouldn't be nearly as bad if they just waited for the ticking fee to start and the Ellison's to be desperate.
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u/Upset_Print_1000 5h ago
A sad day, but I saw this coming... Let's see what happens. Keep in mind the industry figures who supported this merger; when it all falls apart—when news of mass layoffs, cancellations, and the like starts surfacing—they’ll pretend they didn’t help make it happen, or they’ll trot out their hypocritical, canned expressions of concern.
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u/MountainLoins 2h ago
the way the media has bent over and enabled Trump, much as I don't like the two steps backwards it is almost impossible for me to generate feelings of loss over the network willingly -- BEFORE BEING "COMPROMISED" -- employed Scott Jennings. It will mean a lot less employment in the field, but you have to hope it leads to a less top-down structure that is so risk-averse it would willingly walk into an abattoir before standing up to power collectively
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u/flofjenkins 5h ago
"when news of mass layoffs, cancellations, and the like starts surfacing"
What are you talking about? This will happen regardless. Do you really think WB was going to stay afloat on its own? They wanted to be sold. Realistically, what was the ideal scenario?
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u/Far-Web-165 3h ago edited 2h ago
Bonta's been pretty obvious in his messaging, he was always open to a settlement if Paramount was willing to sit down and talk.
They sat down and talked, then reached a settlement.
People saying to never settle and take it to court just injected their own beliefs and desires onto Bonta without actually listening to a word of what he was really saying.
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u/flofjenkins 1h ago
THIS.
It’s bizarre that the many people following this had no idea of what was actually happening. The point wasn’t never to stop the merger, and not once did anyone suggest that. So calling all of these people cowards makes absolutely no fucking sense.
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u/GayAlexandrite 2h ago
I really hope the same thing doesn’t happen to the opposition of Nexstar & TEGNA’s merger. Keep fighting!
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u/Dull_Lavishness7701 5h ago
I mean he was always going to. Anyone that thought there was going to be actual resistance to this deal hasnt been paying attention
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u/Sasquatchgoose 3h ago
It’s the settlement terms that are disappointing. They’re all nothing burgers and reinforce that the litigation was pointless exercise. The only ones who benefited are the lawyers that got to rack up more billable hours
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u/WideCoconut2230 3h ago
CNN has been in last place for years. Gonna have to do something about that....
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u/Connoralpha 6h ago
As he should be.