FCC grants Paramount’s indirect ownership request for Gulf funds in Warner Bros. Discovery buyout
The FCC has approved Paramount's request for significant indirect ownership by foreign investors from three Gulf countries. The financial backing supports Paramount's acquisition of Warner Bros. Discovery. This decision allows sovereign wealth funds to provide billions of dollars in funding for the media deal.
CHICAGO (AP) — As Paramount looks to take over Warner Bros. Discovery, it’s racked up billions of dollars in financial backing from three Gulf countries. And the U.S. Federal Communications Commission has now approved the company’s ask for sizeable indirect ownership from those foreign investors. The FCC cleared the way on Thursday, granting sovereign wealth […]
READ NEXT
More on the wire
FROM THE PUBLISHER
A man serving 130 years in prison for killing two teen girls in Indiana is asking an appeals court to overturn his convictions, saying that he confessed while he was having a psychological crisis and was unfairly barred from arguing at trial that the girls were killed by unknown participants in a pagan ritual. Jurors […]
FROM THE PUBLISHER
LOS ANGELES (AP) — Presley Gerber, the son of supermodel Cindy Crawford, died on Sunday at age 27, a family representative said. Gerber died at a rehab facility, according to online records of the Los Angeles County Medical Examiner. The death was confirmed by Allie Jenkins, a representative for Crawford and her husband Rande Gerber. […]
FROM THE PUBLISHER
Thanks to JayDee for sending the photo of tonight’s sunset, second-to-last one of summer 2026. Tuesday (September 22) will bring the first sunset of fall – about two hours after the equinox moment (5:05 pm) – and you can welcome the change of seasons by watching with educator/expert skywatcher Alice Enevoldsen at Solstice Park. She’ll […]