Media Plurality Concerns Prompt Government ActionThe proposed transaction involves the acquisition of CNN, HBO, the Warner Bros. movie studio and additional Warner Bros. Discovery assets. In a statement to CNN, Nandy confirmed that her department formally contacted the current and proposed owners.“Following engagement with the parties and independent research, my Department has today written to the current and proposed owners of Warner Bros Discovery on my behalf to inform them that I am minded to intervene,” Nandy stated.U.S. DOJ Clearance Contrasts With UK ReviewAlongside the Culture Secretary’s public interest review, the UK Competition and Markets Authority is conducting an independent investigation, with an August 7, deadline to determine if the case requires a phase-two review.Paramount Maintains Third-Quarter Closing TimelineParamount did not immediately respond to Benzinga’s request for comment.Critical Price Levels To Watch For PSKYFrom a trend perspective, PSKY is still in a bearish structure: it’s trading 3.7% below the 20-day SMA ($10.14), 6.8% below the 50-day SMA ($10.47), and 23.8% below the 200-day SMA ($12.81). The 20-day SMA sitting below the 50-day SMA, plus the 50-day below the 200-day, keeps the longer-term bias pointed down unless price can reclaim those mid-term averages.