Gavin Newsom steps in as unlikely ally for Warner Bros. Discovery

After a relentless pile-on, Warner Bros. Discovery finally caught a break this Friday. WBD shares jumped 3%, while Paramount ticked up 1.6%, driven by a Wall Street Journal report that California Governor Gavin Newsom is growing increasingly concerned about the state’s antitrust lawsuit aiming to block the studio’s mega-merger. Here is the breakdown of the latest plot twist in the Hollywood merger saga: The Governor’s Stance: Behind closed doors, Newsom has reportedly warned that blocking Paramo