FCC Chair Carr says California could drop lawsuit against Paramount, Warner Bros. merger if CNN is spun off

Federal Communications Commission (FCC) Chair Brendan Carr said Wednesday California could drop its joint lawsuit against Paramount Skydance’s acquisition of Warner Bros. Discovery if CNN was spun off to be its own media entity. “There was a story that broke a couple weeks ago that said that California was floating the idea, according to news reports,…