Paramount Faces Drawn-Out Battle With State AGs: ‘They Saw the Writing on the Wall’

Only a few days ago, the states’ antitrust challenge to the Paramount-Warner Bros. merger still looked like a speed bump. Now, it looks more like siege warfare — as Paramount has agreed to put the $111 million deal on hold for at least several months. In doing so, Paramount’s lawyers have effectively conceded that they…