Key facts
- California Attorney General Rob Bonta is expected to ask Paramount to divest some cable channels.
- Bonta also expects Paramount to commit to keeping its movie studio separate from Warner Bros.
- These conditions are prerequisites for Bonta's approval of the Paramount-Warner merger.
- The information comes from people familiar with the matter, as reported by The Wall Street Journal.
California Attorney General Rob Bonta is anticipated to require Paramount to sell off certain cable channels and ensure its movie studio remains independent from Warner Bros. as conditions for approving their proposed merger. The Wall Street Journal reported these expectations, citing individuals with knowledge of the situation. This move by the California AG could significantly influence the terms and feasibility of the potential merger between Paramount and Warner Bros.