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Skydance-Paramount deal threatens national security, Project Rise says

( March 5, 2025, 15:00 GMT | Official Statement) -- MLex Summary: The Skydance-Paramount deal should be "carefully" evaluated by the US Federal Communications Commission, which should "require a new, more detailed, filing from the Applicants, setting forth specific information that might substantiate their claims that the transaction is in the public interest," Project Rise Partners, a consortium of investors that argues its bid for Paramount is better than Skydance's, wrote in a letter to the FCC. "The proposed transaction poses risks of public interest harms to national security in an increasingly insecure world, to new and independent voices in a world where they are increasingly crowded out, and threatens higher prices in an inflationary environment when tackling inflation is one of this Administration’s foremost priorities. The Commission should carefully scrutinize it."See attached file....

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