L.A. Mayor Karen Bass Urges Settlement Talks for Paramount-WBD Merger
Los Angeles Mayor Karen Bass softened her stance on the proposed Paramount-Warner Bros. Discovery merger, urging Paramount, Attorney General Rob Bonta and other parties to meet urgently in good faith to reach a settlement and protect jobs and productions in Los Angeles and California. Estimates cited potential $1.26B in lost wages and $2.78B in lost economic value, as the WGA West rebuked the remarks and sued to block the deal.