Congressional Democrats Sound Antitrust Alarm With Justice Department Over Discovery-WarnerMedia Merger

  • Variety
Congressional Democrats Sound Antitrust Alarm With Justice Department Over Discovery-WarnerMedia Merger
Democrats in Congress are taking aim at the pending $43 billion merger of WarnerMedia and Discovery, pushing the Justice Department to scrutinize the transaction on antitrust grounds.

In a letter sent Monday to Attorney General Merrick Garland and Justice Department antitrust chief Jonathan Kanter, the legislators assert that too much consolidation in media will hurt competition in Hollywood’s labor market and result in less diversity overall in content.

“This transaction raises significant antitrust concerns. In particular, the merger threatens to enhance the market power of the combined firm and substantially lessen competition in the media and entertainment industry, harming both consumers and American workers,” the letter states. “In light of these concerns, we respectfully urge the Department to conduct a thorough review of this transaction to ensure that it does not harm American consumers and workers by illegally harming competition.”

The letter was spearheaded by U.S. House member Joaquin Castro of Texas,
See full article at Variety »

Similar News


Recently Viewed