FCC Chair Carr says California could drop lawsuit against Paramount, Warner Bros. merger if CNN is spun off

Summary

Federal Communications Commission (FCC) Chair Brendan Carr said Wednesday California could drop its joint lawsuit against Paramount Skydance’s acquisition of Warner Bros. Discovery if CNN is spun off as its own media entity. “There was a story that broke a couple weeks ago that said that California was floating the idea, according to news reports, of…