Twelve states sued Paramount over the deal, arguing it was unlawful and would “create a media behemoth" that would damage both audiences and the industry in general.

A “ticking fee” that could cost Paramount $7 million per day will kick in if the merger doesn’t close by late September.

A judge on Monday granted a temporary restraining order pausing the Paramount-Warner Bros. Discovery merger.

California and eleven states secured a pause on Paramount's acquisition of Warner Bros. Discovery. They argued the massive media merger would harm competition and raise prices. …

A federal judge on Monday ordered Paramount and Warner Bros