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[bitbydeath]

Can’t survive with them, can’t survive without them.

Four Democrats in U.S. Congress have reportedly asked the U.S. Department of Justice (DOJ) to review the Warner Bros. Discovery merger according to The Los Angeles Times.

The outlet says the representatives allege that the deal, which saddled Warner Bros. Discovery with more than $50 billion in debt and led to some extreme cost-cutting, is responsible for “hollowing out an iconic American studio”.

Warner Bros. Discovery has also reportedly wiped out hundreds of millions of dollars in programming in recent months – projects that would’ve provided jobs for hundreds of workers. Rep. Joaquin Castro says:

“There have been massive layoffs. Content creators, in many cases, have been hurt, and some consumers are holding on to TV and streaming subscriptions that feature less content than a year ago.”

Castro was joined by Sen. Elizabeth Warren, Rep. David Cicilline and Rep. Pramila Jayapal in sending the letter. Despite the criticism though, it is said that it would be highly unusual for the DOJ to try to unwind a merger which has already received the blessing of regulators.

https://www.darkhorizons.com/doj-asked-to-look-at-wb-discovery-merger/

 

[Eotheod]

I mean, it definitely had to happen either way. They were in debt, what do people think, that they'd just keep going in debt to provide jobs? They are not the government, whereby they can provide gap fill dependent on private sector health.

 

[FullMetalx117]

Nothing will come of this, I guarantee it.

 

[ReBurn]

Lawmakers complaining about job cuts at CNN as an attack on news and journalism when CNN has been running internal analysis and opinion pieces as top news items for years now. CNN isn't a news outlet anymore. It's just entertainment and people are losing interest.

 

[ThatStupidLion]

Bigger nothingburger than my mangina

 

[FunkMiller]

What a pointless exercise.

Having said that, the fact that the merger has fucked WB completely, and led to some very stupid decisions recently is certainly true. Probably shouldn't have been allowed in the first place, but now it's done, there's no use whining about it.

 

[Ownage]

Virtue signaling by Democrats.

If these Dems had beef with the merger, they should've interfered with the regulatory assessment and pushed back at that time. This is nothing more than a wet fart of hot air.

 

[chromhound]

Waste of time

 

[BlackTron]

That's an awful lot of everyone else's time just to prove that you would have had a point.

 

[DeepEnigma]

Disney/Fox/Marvel/Lucasfilm set the precedent.

 

[Alcibiades]

Both were bad for consumers. The Disney-Fox merger was much worse though and shouldn't have been allowed.