Merrick Garland Entertainment ViacomCBS BLOCK Column Merrick Garland

Biden’s Antitrust Squeeze May Grease the Wheels for TV Deals (Column)

Reading now: 257
variety.com

Cynthia Littleton Business EditorThe Biden administration made a statement earlier this month when the Justice Department filed an antitrust lawsuit to block the $2.1 billion sale of Simon & Schuster.Merrick Garland’s body block of the deal that ViacomCBS struck with Bertelsmann’s Penguin Random House sends the message that the White House is paying attention to the pace of consolidation in media and entertainment.

If the antitrust division is worried about too much concentration among owners of the oldest of mass media platforms — books — just think how the Attorney General’s watchdogs would view nuptials among two major studios or more big-name broadcast and cable assets.The sudden chill in the regulatory climate may fan the flames of.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA