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Paramount Settles States’ Lawsuit, Clearing Way for Warner Bros. Merger

NYT > Business > Media · Benjamin Mullin, David McCabe, Shawn Hubler and Laurel Rosenhall · last updated
By resolving a lawsuit filed by a group of states, the media mogul David Ellison removed the last major hurdle he faced in buying Warner Bros. Discovery.

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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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