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- Dem senators urge FCC to pause Paramount-Warner Bros Discovery merger over forei...
Three Democratic senators have urged the Federal Communications Commission (FCC) to put the Paramount-Warner Bros. Discovery merger on pause over concerns about foreign investors controlling what would be one of the largest media companies in the United States.In a joint letter to FCC Chairman Brendan Carr, Sens. Cory Booker, D- N.J., Adam Schiff, D-Calif., and Elizabeth Warren, D-Mass., demanded he "must foreclose any attempt by Paramount to close this transaction" before an adequate review of the involved foreign investors is completed.The lawmakers said the FCC must conduct this review to evaluate possible "national security threats posed by foreign government investment" in the $110 billion entity. If approved, the merger would bring CNN and CBS News under one corporate owner, further consolidating the news media landscape.Paramount, led by CEO David Ellison, acknowledged in an April financial disclosure cited by the senators that foreign ownership in the new corporation will rise to "approximately 49.5 percent." In that document, Paramount also said that all voting rights will be "controlled by the Ellison family through U.S. entities."WARNER BROS DISCOVERY SHAREHOLDERS APPROVE PARAMOUNT SKYDANCE DEALThe document revealed that Saudi Arabia's public investment fund and various entities based in the United Arab Emirates and Qatar would be equity holders.Paramount told the FCC in April that this arrangement would not present "any national security, law enforcement, or foreign or trade policy concerns."The senators want a more rigorous check of what this level of foreign ownership would mean, telling Carr in their letter that he should not take the Ellison family's statements "at face value."They argued that the FCC should reject Paramount's petition for preemptive approval. Under Section 310 of the 1934 Communications Act, foreign individuals, companies and governments are generally prohibited from owning more than 25% of a U.S.-based firm that has an FCC-issued broadcast license.CHRISTIANE AMANPOUR POINTS TO ‘HEMORRHAGING’ AT CBS TO WARN OF DAVID ELLISON'S POTENTIAL TAKEOVER AT CNNBooker, Schiff and Warren gave Carr a July 1 deadline to notify Paramount that the deal cannot close until the foreign investment review is completed.The FCC's pending approval is the largest regulatory hurdle in the way of the merger. The Department of Justice signaled last week it would not challenge Paramount's bid to acquire Warner Bros.The DOJ's antitrust division concluded after an eight-month review that "the transaction is not likely to result in harm to competition or American consumers" with regard to on-demand streaming, linear television and… [TheTopNews] Read More.6 hours ago - SNAP restrictions could change what shoppers buy — and food giants are watchin...
SNAP food restrictions are spreading to more states, pressuring major food and beverage as consumers shift spending away from soda, candy and processed foods. [TheTopNews] Read More.8 hours ago - Money Box
Civil service pensioners face further delays to payments. [TheTopNews] Read More.9 hours ago - Top Private Fleets by Trailer Volume Reflect Changes in Retail, Food, and Constr...
The latest rankings of North America’s largest private fleets by trailer volume reveal significant shifts across key industries, particularly retail, food distribution, and construction. As companies continue responding to evolving consumer demand, supply chain challenges, and economic conditions, trailer fleet sizes offer a valuable snapshot of how businesses are adjusting their transportation strategies to support growth and operational efficiency. Private fleets play a critical role in the movement of goods throughout the economy. Unlike for-hire carriers, private fleets operate transportation assets primarily to support their own business operations. These fleets provide companies with greater control over delivery schedules, service quality, inventory management, and customer satisfaction. As a result, changes in trailer counts often reflect broader trends affecting specific industries and supply chains. The latest data shows that retail companies continue to maintain some of the largest trailer fleets in North America. Major retailers rely heavily on extensive transportation networks to replenish stores, support e-commerce fulfillment, and manage inventory across large geographic regions. The continued growth of online shopping and customer expectations for rapid delivery have increased the importance of maintaining flexible and scalable fleet operations. Many retailers have invested heavily in transportation assets over the past several years to improve supply chain resilience and reduce reliance on third-party providers. Food and beverage distributors also remain among the largest operators of private trailer fleets. Companies in this sector face unique transportation challenges, including strict delivery schedules, temperature-sensitive freight, and growing demand for fresh and frozen products. The rankings demonstrate how food distributors continue expanding and modernizing their fleets to maintain product quality while meeting customer expectations. As grocery supply chains become increasingly complex, private transportation assets remain a key competitive advantage for many organizations. One of the more notable trends highlighted in the rankings involves construction-related businesses. Several construction material suppliers and building products companies have experienced changes in trailer volume as infrastructure investments, commercial development projects, and housing market conditions continue to influence freight demand. These fluctuations reflect broader economic trends and the industry’s ongoing efforts to balance equipment utilization with market opportunities. The rankings also underscore the importance of fleet optimization. Many companies are not simply increasing trailer counts but are strategically adjusting fleet sizes based on changing operational requirements. Advances in transportation technology, route planning, asset tracking, and logistics management have enabled fleets to improve efficiency while maximizing the productivity of existing equipment. Organizations are increasingly focused… [TheTopNews] Read More.10 hours ago - Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes. [TheTopNews] Read More.11 hours ago - Egg Prices Are Way Down, but That’s Hurting FarmersAn oversupply of hens has lowered wholesale egg prices. But consumers may not reap the full benefits because of producer contracts and higher costs. [TheTopNews] Read More.11 hours ago
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