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CA AG Calls Paramount's CNN Claims "A Lie"
25 Aug
Summary
- California AG denies CNN's involvement in the antitrust lawsuit.
- Paramount is accused of advancing false claims about the case.
- The suit focuses on three specific markets, not CNN or streaming.
California Attorney General Rob Bonta has unequivocally dismissed claims suggesting that CNN played a role in the antitrust lawsuit filed against the proposed Paramount-Warner Bros. merger. During an interview on "The Source," Bonta characterized these suggestions as deliberate falsehoods disseminated by Paramount.
He asserted that the lawsuit's focus remains strictly on three specific markets and potential remedies for them. Bonta accused Paramount of attempting to misdirect by discussing irrelevant topics such as the streaming market and foreign regulatory actions, which he stated have no bearing on the current case.
Bonta also addressed Paramount's claims regarding a $1.8 billion bond and potential departure from California, labeling these as manufactured leverage. He advised the company to concentrate on the antitrust case itself, stating his willingness to discuss structural remedies in good faith once Paramount ceases leak-based tactics and misrepresentations.
