What Next - The Best DOJ Money Can Buy
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3.9 • 1.1K Ratings
🗓️ 22 July 2026
⏱️ 25 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
A federal judge paused the merger of Paramount and Warner Bros. Discovery. This may not have been a necessary step if the Department of Justice had taken its corporate enforcement mandate more seriously. But under this administration, a proven method has emerged to keep the government out of your business: make it personally profitable for Donald Trump.
Guest: Liz Oyer, Former U.S. Department of Justice Pardon Attorney
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Podcast production by Rob Gunther, Evan Campbell, Madeline Thames-Ducharme and Patrick Fort.
Paige Osburn is the senior supervising producer of What Next and What Next TBD.
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Transcript
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| 0:00.0 | Now to another bump in the row for one of the biggest media mergers in Hollywood history. |
| 0:11.6 | If you were writing the story of the big multi-billion dollar merger that is obsessing Hollywood these days, |
| 0:19.2 | I think you might have expected what happened earlier this week, |
| 0:23.5 | which I can only sum up as a plot twist. |
| 0:26.9 | A federal judge is ordering Paramount and Warner Brothers |
| 0:29.4 | to halt their $81 billion merger for at least two weeks. |
| 0:33.7 | Quick reminder for about a year, |
| 0:35.7 | the very wealthy, very Trump-aligned Ellison family has had its eyes on Warner Brothers Discovery, the home of CNN and HBO. |
| 0:44.7 | The Ellison's already owned Paramount and CBS, but they're hungry for more. Now, some state attorneys general want to curb the Ellison's appetite. |
| 1:03.0 | Twelve states suing to block the deal alleged the merger would extinguish the competition in Hollywood and lead to fewer choices for consumers. Usually, with a merger like this one, the states wouldn't have to act. |
| 1:08.0 | The federal government would intervene, with antitrust attorneys, |
| 1:11.8 | weighing the pros and cons of creating a mega corporation. But, well, you know where we're at. |
| 1:21.3 | I like to think of what's happening right now as a good old-fashioned Hollywood chase scene. |
| 1:27.0 | Paramount's been ruthlessly pursuing Warner Brothers for |
| 1:29.8 | months. They keep encountering obstacles. First, Netflix tried to outbid them, which the |
| 1:36.8 | Ellison's managed to wait out. Then, they slipped past federal regulators just weeks after |
| 1:43.2 | throwing a big party honoring the Trump |
| 1:45.7 | White House. Now, Paramount and the Ellisons are facing a third test, the state attorneys |
| 1:52.2 | general who say their merger is bad business, and the judge who's agreed to hear them out. |
| 1:58.0 | Like any good chase scene, there's also a ticking clock. If this merger doesn't go |
| 2:02.5 | through by the end of September, the Ellison's will be obligated to pay Warner Brothers shareholders |
| 2:07.5 | $650 million on a quarterly basis. And this latest speed bump, the one in federal courts, it could last a while. |
... |
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