California’s war on Paramount ramps up as state sues over $110B Warner Bros. deal — despite fears firm will ditch West Coast

Progressive policy ambitions meet practical realities as Americans weigh costs and consequences.

Source: New York Post
1 min read
Why This Matters

Twelve Democratic attorneys general, led by California, suing to block a $110 billion media merger while everyone involved openly worries the company might just leave the state entirely. You'd think somewhere in Sacramento someone would pause and ask whether that's a warning sign or just background noise. Apparently not.

New Republican Times Editorial Board

California’s war on Paramount ramps up as state sues over $110B Warner Bros. deal — despite fears firm will ditch West Coast
Image via New York Post

A coalition of 12 Democratic attorneys general led by California filed a lawsuit Monday.

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Read at New York Post

How We See It

New Republican Times Editorial Board

Twelve Democratic attorneys general, led by California, suing to block a $110 billion media merger while everyone involved openly worries the company might just leave the state entirely. You'd think somewhere in Sacramento someone would pause and ask whether that's a warning sign or just background noise. Apparently not.

This is the same California that spends every election cycle bragging about being the fifth largest economy on earth, then turns around and treats a major employer's business decision like a hostile act requiring twelve state legal teams to stop it. Paramount and Warner Bros. aren't some fly-by-night operation cutting corners. They're trying to consolidate in an industry getting eaten alive by streaming economics, and the response from state government is litigation, not conversation.

Nobody's saying media mergers deserve a free pass or that consolidation never hurts workers and consumers. That's a real debate worth having. But there's a difference between scrutinizing a deal and using the machinery of a dozen attorneys general to make a point about corporate power while the target company is reportedly already eyeing the exits. If Warner Bros. ends up relocating jobs and productions to Texas or Georgia, this lawsuit will be Exhibit A in why.

California keeps acting like companies have nowhere else to go. They do. And they're increasingly using their feet to answer that question, lawsuit or no lawsuit.

Commentary written with AI assistance by the New Republican Times Editorial Board.