Warren Urges Closer Scrutiny Of Media Mergers

Democratic President hopeful Sen. Elizabeth Warren is calling for federal regulators to look more closely at a wave of mergers involving entertainment giants, reports The Hill.

“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.

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

— Elizabeth Warren (@ewarren) August 15, 2019

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.