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Mega Merger

Dark Day For Hollywood Labor

Los Angeles — “In years to come, we’ll be able to point to this failure to put consumers over the monied interests of corporate consolidation as the tipping-point moment for media in this country.”  Those were the stark words from the Block the Merger coalition after Judge Martínez-Olguín removed the last roadblock to the Paramount Skydance-Warner Bros. Discovery merger. On Oct. 6, the $110 billion+ merger closed, creating what is now Skydance Corp. Billionaire CEO David Ellison will now control an estimated 17 media entities, including CNN and CBS. 

Former Union Pacific Attorney Blows The Whistle In Federal Lawsuit

Ryan Wilkins worked in Union Pacific’s law department from 2014 to 2019. He led the railroad’s Federal Railroad Safety Act (FRSA) team. Now he is the plaintiff in a federal whistleblower lawsuit in Nebraska, alleging UP retaliated against him for opposing practices he believed violated that same law, including practices tied to Precision Scheduled Railroading (PSR). His account carries weight at a critical moment. UP’s proposed merger with Norfolk Southern would create what the company calls the first transcontinental railroad in the country, and the Surface Transportation Board has not yet ruled on it.

Anti-Merger Coalition Urges Trackside Communities To Speak Up

The Stop the Rail Merger Coalition is looking to stir up local opposition to the Union Pacific-Norfolk Southern merger in trackside communities that would see an increase in train and truck traffic if regulators approve the proposed transcontinental combination. The coalition — which includes BNSF Railway, CPKC, shipper organizations, and three rail labor unions — on Thursday released an online interactive map tool that combines projected merger-related increases in train traffic and freight volume with existing blocked-crossing and safety data.

Union, Lawmakers, Performers Condemn Paramount’s Mega-Merger

Hollywood, Calif.—In an orgy of tons of money being thrown around, one monster Hollywood entertainment conglomerate, Paramount, bought another, Warner Bros. Discovery, in a $110 billion mega-merger, which could leave unions, workers, consumers, and lawmakers on the outside looking in while CEOs enrich themselves and an oligopoly’s clout grows larger. And that’s even without taking into consideration that big Donald Trump pal David Ellison, the Paramount CEO, hosted the president at a downtown D.C. bash the night of the deal, April 23. That’s not a coincidence.
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