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Paramount, Atty. Gen. Bonta ordered to meet for merger settlement talks

Paramount Skydance will meet with California Atty. Gen. Rob Bonta’s representatives next month for court-ordered settlement talks that could clear a path for David Ellison’s $111-billion takeover of Warner Bros. Discovery.

The two sides will convene for two days, Oct. 14 and Oct. 15, according to court documents filed this week.

The talks come as both sides look for ways to resolve the pitched battle over Hollywood’s industry-reshaping deal, which would put HBO, CBS, CNN, TBS, Food Network, Comedy Central and the Paramount and Warner Bros. studios under one roof. Bonta and 11 other Democratic state attorneys general sued in July to block it, and Ellison’s team has been stoking political pressure on Bonta to retreat.

Bonta canceled preliminary last month after details of a session on ground rules leaked, accusing Paramount of “playing games” by violating a confidentiality agreement and spreading misinformation.

Bonta’s Paramount case appears to have ruffled the Trump administration. He sued one month after the U.S. Justice Department blessed the merger without demanding concessions — a decision he said showed federal officials were not doing their jobs to enforce antitrust law. This week the department weighed in on Paramount’s side.

“The United States enforces the federal antitrust laws and has a strong interest in their correct application,” the Justice Department said in a Tuesday filing, describing its unique position to bring antitrust actions. Its “statement of interest” argued that the plaintiffs had sued as “private persons,” who must clear higher hurdles than the federal government.

The department also asked the judge to force California, the other states and the Writers Guild of America to post a $1.88-billion bond, covering fees Paramount would owe Warner Bros. Discovery shareholders if the deal isn’t finalized by Oct. 1. Paramount agreed to the so-called ticking fees earlier this year, confident the deal would sail through regulatory review. Bonta’s office said Wednesday it stands by its earlier filings arguing it should not have to post the bond. A hearing is set for Sept. 24.

Paramount’s chief legal officer, Makan Delrahim, has been quarterbacking the campaign for Warner Bros. Discovery. He served as Trump’s antitrust chief in his first administration, when he led an unsuccessful effort to block AT&T’s takeover of the company, then known as Time Warner Inc. That 2018 deal was the first of two acquisitions that saddled Warner Bros. with instability, strategic misfires and a mountain of debt, paving the way for the Paramount bid — which would mark the third time in a decade the storied studio has changed hands.

Trump has been eager for Ellison to shake up CNN, a Warner property, following his reboot of CBS News, which has coincided with diminished ratings at “60 Minutes”.

Ellison’s company has won approvals from more than 65 international regulators, and Paramount expects the Trump-appointed Federal Communications Commission leadership to sign off on a foreign ownership arrangement that would give Middle Eastern royal families a nearly 50% equity stake in the merged company. Bonta’s lawsuit is the remaining obstacle to closing.

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Newsom says he won’t run for president if Harris does

Gov. Gavin Newsom said he would not run for the Democratic presidential nomination in 2028 if Kamala Harris does so, appearing to offer deference to the former vice president ahead of a race that could draw a historically crowded field of candidates.

“I wouldn’t run if she ran,” Newsom told CNN’s Jake Tapper in an interview posted Monday. “Why would I? I wouldn’t do that to her. … I wouldn’t do it to you, I wouldn’t waste everyone’s time.”

Newsom appeared to acknowledge a desire to avoid the possibly messy fight for California backers that could ensue if both were to run, saying there would be “pure crossover” between Harris’ supporters and his.

The governor’s effective yield to Harris diminishes the possibility of a showdown between two of California’s most powerful political figures in an election whose stakes are viewed by the Democratic Party as existential. The possibility of Harris making a second attempt at the presidency after her loss to President Trump in 2024 has hung as the biggest question over the potential Democratic field.

Both Newsom and Harris have acknowledged they are considering presidential bids in 2028, but Harris has closely held her intentions. She said last week that she had not decided whether to run, telling former soccer player Megan Rapinoe in a podcast interview that she was focused on working full time to help Democrats win the midterms.

A spokesperson for Harris declined to comment. Representatives for Newsom did not immediately respond to a request Monday afternoon.

Harris has appeared as the party front-runner in multiple polls about 2028, including one in July that showed her beating Newsom by double digits. But questions have continually circulated within the party about whether voters who are scarred from the party’s 2024 loss would be enthusiastic about a Harris run.

Several California donors told The Times in May that they did not plan to support Harris or did not want to discuss a possible bid by her; in a few corners, more enthusiasm came through for Newsom.

The dynamics around the 2028 Democratic primary continue to evolve as party hopefuls jockey for the spotlight, and they shifted notably with the selection of South Carolina as the party’s first primary state. That choice could give Harris a boost if South Carolina’s Black voters move in her favor.

Harris and Newsom came up in politics in the same era and have never before run in an election against each other, operating their political careers largely in parallel rather than in competition. In February, Newsom said on CNN that he had “never gotten in the way of her ambition” and he didn’t “imagine I would in the future,” saying “fate” would determine whether they ran against each other.

Newsom swung through South Carolina this month, the type of move generally interpreted as laying the groundwork for a presidential bid. In the CNN interview, Newsom noted that he did not know whether Harris would run and agreed it was a “pretty good case” to make when Tapper raised the argument that Harris had had her chance at the presidency and Newsom had not yet.

The governor suggested that a fight between him and Harris would split their supporters’ vote in a way that would be “a gift from God for everybody else” in the race, saying “it services no greater good” for both of them to run. He also nodded to their overlapping political circles.

“I know her base of supporters, I know her friends. The [Venn] diagram on that is just pure crossover,” Newsom said. “I wouldn’t do that.”

The interview was filmed in Montana, where Newsom’s in-laws own a ranch, as Newsom and Tapper fly-fished together. The full segment was set to air Tuesday.

Newsom said that in order to decide to run, a candidate needs to be able to “meet the moment.”

“You gotta be honest with yourself,” he said. “Do you represent the zeitgeist of the moment or are you wasting everybody’s time?”

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