Media Industry
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Proposed Paramount-WB Merger Would Hand ~50% Ownership to Foreign Investors, Including 38.5% from Middle Eastern Funds
A proposed consolidation merging Paramount and Warner Bros. — parent companies of CNN, CBS, and other major U.S. media properties — would result in nearly half (49.5%) of the combined entity being foreign-owned, with 38.5% attributed specifically to Middle Eastern sovereign or private funds. Jeff Ja…