Paramount, Warner Bros Formally Merge, Form Giant Mountain Of Disastrous Debt
Summary
Paramount and Warner Bros have formalized a merger that reportedly values the combined company at around $110 billion and carries about $82 billion in debt. The author argues the deal will drive mass layoffs, higher prices, and lower-quality products, while boosting corporate-friendly coverage and raising antitrust concerns. The post cites past mergers as evidence that debt-driven consolidation tends to harm consumers and labor, and predicts a rocky path ahead for the new entity.