PREVIEW

Paramount Boss Defends Warner Bros Merger. David Ellison has defended Paramount Skydance's proposed 110 billion dollar takeover of Warner Bros. Discovery, saying critics are relying on an outdated view of Hollywood. In his first public comments on the deal, Ellison rejected claims that the merger would give the combined company too much market power or threaten the independence of its news organisations. He said CBS and CNN would remain politically neutral while continuing to provide impartial news coverage. The comments come as Paramount and Warner Bros continue a legal battle over the merger, which has been temporarily put on hold. Ellison also argued the combined company would remain smaller than technology rivals, such as Netflix, Amazon and Apple, while pledging major investment in films and television production.
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