Article in Free Press by Staff, 5/27/26
Headline: “Free Press Urges FCC to Reject Paramount Skydance’s Request for Massive Foreign Investment from Governments Hostile to Press Freedom”
“. . . Free Press urged the FCC to reject Paramount Skydance’s petition to waive the Communications Act’s prohibition against the significant foreign investment that’s part of the massive media company’s proposal to acquire Warner Bros. Discovery.
If Paramount’s $110 billion acquisition of Warner Bros. Discovery survives state antitrust review, at least half (or 49.5 percent) the ownership of the resulting colossus will end up in the hands of foreign investors, including the sovereign wealth funds of three Middle Eastern governments. . .”
Read the full article at: