Hundreds Sign Letter Warning Paramount Takeover Of CNN Will Lead To 'Improper Political Meddling' - HuffPost
Regulation
US antitrust regulators appear poised to approve Paramount's takeover of Warner Bros. Discovery despite hundreds signing a letter warning of political meddling at CNN. The regulatory green-light would clear the biggest media M&A overhang for WBD, but the mixed analyst consensus and heavy debt load cap the upside story.
0 reads·0 theses
Angle
↑ LONG+7% target-5% stop2-3 weeks into regulatory approval
Long WBD into DOJ approval catalyst — deal close removes the terminal overhang, but size small given 18 Hold ratings and $15B debt refinancing risk.