Senator Booker calls for scrutiny of Paramount-Warner Bros. deal

U.S. Senator Cory Booker, a Democrat from New Jersey, said in a post on X, formerly Twitter, “The proposed merger between Paramount (PSKY) and Warner Bros. Discovery (WBD) is far from settled. It must be examined by Congress like all mergers to ensure it does not harm consumers, raise prices, or threaten jobs. I hope state AGs will use their powers as well. I intend to exercise Congress’ oversight authority and scrutinize this deal just as we did the Netflix (NFLX) transaction. And I will soon be unveiling legislation that would require DOJ & FTC to review all mergers under this Trump Admin and unwind any that are anticompetitive, bad for consumers, or put Americans out of work.”