Is it possible the next administration sues to break them up? Couldn't they also just launch endless investigations of the owners until they spun it off into its own thing

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autoexec 4 hours ago | parent | next [-]

The next administration absolutely could, but that would require them to care more about about the well-being of the country than they do about themselves and the bribes and favors they could rake in if they don't. That's seems to be the fatal flaw in our system. Congress, the FTC, and the president need to willing to put the interests of the nation above the interests of corporations. Maybe I'll live to see that happen, but a lot of people have died waiting for it (https://upload.wikimedia.org/wikipedia/commons/e/e5/The_Boss...) and it gets less likely all the time.

	▲	samudrijan 2 hours ago \| parent [-]
		You can count on the corporate Dems to gnash their teeth and wring their hands and collect their paycheck.

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slowin 5 hours ago | parent | prev [-]

Sadly that probably won't happen:

https://www.commondreams.org/news/paramount-merger-settlemen...

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j_w 4 hours ago | parent [-]

The article is a bit foolish.

Hypothetically California could have done something to prevent the merger. Then they [Paramount] leave California, as threatened, and then complete the merger.

The Federal government is the entity which needs to be the enforcer of antitrust. Otherwise major companies like these WILL pick and and leave the state blocking them. It's a 111 billion deal - this is worth moving states for the parties involved.

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johnnyanmac 4 hours ago | parent [-]

Okay. They should have called the bluff. It'd be better if the federal government did this, but that's not the world we live in right now.

Here's the issue: nothing stops them from leaving the state anyway after the deal is made. The concessions lack any weight. California folded potentially for nothing.

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bobthepanda 3 hours ago | parent [-]

There is already a deep recession in the creative industry in LA, film jobs are down by a third since 2022. They’re not negotiating from a position of strength

	▲	johnnyanmac 3 hours ago \| parent [-]
		I'm aware. There's a lot of FUD around this industry and a large corporation leaving wouldn't help. At the same time, this promise to "support labor" falls flat when they have been actively combatting with it for recent years. Their words ring hollow. And if we're being realistic: this is mostly Newsom trying to cover his tracks and look "strong" for 2028.