“First Disney acquired 21st Century Fox. Now CBS and Viacom are merging. Consolidation raises serious concerns for consumers, employees, and the entire sector. The Department of Justice should be paying close attention,” Warren tweeted Thursday.
The planned CBS-Viacom merger, announced Tuesday, would result in an entertainment conglomerate bringing in more than $28 billion in revenue.
In another high-profile merger earlier this month, Gannett and Gatehouse, the two largest newspaper companies in the nation, announced they would combine.
First Disney acquired 21st Century Fox.— Elizabeth Warren (@ewarren) August 15, 2019
Now CBS and Viacom are merging.
Consolidation raises serious concerns for consumers, employees, and the entire sector. The Department of Justice should be paying close attention. https://t.co/weQGTRL1ga
Warren has frequently warned that consolidation among America’s biggest companies that may run afoul of antitrust laws, often specifically addressing the tech sector.
In March, the Massachusetts senator published a plan to break up major tech companies like Google, Facebook and Amazon, arguing their market domination has stifled competition.
No comments:
Post a Comment