After 7 1/2 years as governor, Gavin Newsom still does not understand the scope and limits of his gubernatorial powers.
On July 13, California Attorney General Rob Bonta sued to block Paramount Skydance’s acquisition of Warner Bros. Discovery. On August 1, The Wall Street Journal reported that Governor Newsom had expressed his view that blocking the deal would adversely impact employment in California and had encouraged the California Attorney General Bonta to reach a compromise out of court.
But according to the Journal, “Bonta has been adamant that he will fight the deal in court unless Paramount agrees to structural remedies,” and recently cancelled a meeting with Paramount scheduled for August 24 to discuss settlement.
