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David Ellison Floats Hollywood Exit as States Threaten His Warner Bros. Deal

NYT > Business > Media · Benjamin Mullin, Brooks Barnes and Lauren Hirsch · last updated
Mr. Ellison told Paramount executives that he was considering pulling the company out of California amid a lawsuit brought by state attorneys general.

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The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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