Senators Push FCC Review of Foreign Funding in Paramount–WBD Deal

The FCC is facing mounting pressure to scrutinize foreign ownership risks in Paramount’s planned Warner Bros. Discovery takeover.

The exterior of the Warner Bros. Discovery Atlanta campus on May 2, 2023. REUTERS/Alyssa Pointer/File Photo

Six Democratic U.S. senators urged for a rigorous review of foreign ownership plans in Skydance-backed Paramount’s proposed takeover of Warner Bros. Discovery. 

In a letter sent Wednesday to FCC Chairman Brendan Carr, the lawmakers raised concerns about financing linked to sovereign wealth funds in Saudi Arabia, the United Arab Emirates, and Qatar, which are expected to help back the proposed $111 billion transaction.