PAT RYAN, MONOPOLY BUSTERS CAUCUS CHAIRS APPLAUD STATE LAWSUIT TO BLOCK ILLEGAL PARAMOUNT-WARNER MERGER

Pat Ryan, Monopoly Busters Caucus Chairs Applaud State Lawsuit to Block Illegal Paramount-Warner Merger

WASHINGTON - The Monopoly Busters Caucus Chairs, Representatives Pat Ryan (NY-18), Pramila Jayapal (WA-07), Chris Deluzio (PA-17), and Angie Craig (MN-02), released the following statement after a coalition of 12 state attorneys general, including New York Attorney General Letitia James, filed suit to block the Paramount-Warner Bros. Discovery merger:

"Twelve states just stood up and said no to Paramount-Warner after the Trump Administration sided with billionaires to green light their monopoly power grab. Allowing one corporation to control a third of American movie and cable programming is a threat to free speech and a disaster for America's television and film industries. It would mean fewer jobs for crew, writers, and actors, fewer theaters and distributors with bargaining power, and fewer studios competing to tell good stories. Americans would pay more and get less to watch in return. Now it's up to the courts to quickly shut this deal down and remind these oligarchs that monopolies are illegal and no one is above the law."

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