Paramount Skydance mulls CNN sale amid antitrust merger challenge

Paramount’s legal officer hints at CNN sale option as 12 states, led by California, file lawsuit to block merger.Paramount Skydance is reportedly considering the sale of CNN as part of an effort to resolve an antitrust lawsuit challenging its proposed $110bn merger with Warner Bros. Discovery.On Tuesday, at Politico’s Agenda California conference, Paramount’s chief legal officer, Makan Delrahim, said a potential sale was on the table as 12 states led by California sued to block the merger.Recommended Stories list of 4 itemslist 1 of 4Oil prices rise as attacks dent hopes for Strait of Hormuz reopeninglist 2 of 4Why have several nations raised red flags over Indian farm exports?list 3 of 4Taiwan’s Foxconn reports 35 percent rise in profit on AI demandlist 4 of 4US consumer inflation slows in July as energy prices briefly retreatend of listHe stressed that Paramount Skydance had been “transparent” and was willing to work with both Republicans and Democrats to move the merger forward.“We’re not naive to know that politics does not exist,” said Delrahim, who served as an antitrust official during US President Donald Trump’s first term.Editorial independence questionedThe potential sale...