Los Angeles Mayor Karen Bass urged California attorney general Rob Bonta and Paramount to resolve their differences and find a resolution to the 12-state antitrust lawsuit that is blocking Paramount's takeover of Warner Bros. Discovery.

California AG Rob Bonta discussed the states' antitrust case to block the Paramount Skydance-Warner Bros. Discovery merger with CNBC's David Faber.

Rob Bonta said a negotiated resolution is possible but that any deal would need to address concentration in film and basic cable TV markets