President’s Son-in-Law Part of Paramount’s Crony Capitalist, Hostile Takeover Bid
WASHINGTON, D.C. – Jared Kushner, President Donald Trump’s son-in-law, is part of Paramount’s bid for Warner Bros. Discovery. Robert Weissman, co-president of Public Citizen, released the following statement:
“America is devolving into a caricature of crony capitalism. Factions aiming to shrink media competition are fighting over who can show the greatest fealty to Donald Trump. Paramount seems to have won the prize, bringing in presidential son-in-law Jared Kushner – whose investment vehicle is flush with Saudi funds, deposited only because of his personal relationship with Donald Trump – as a partner.
“A working antitrust policy would block the merger of Warner Brothers Discovery with one of the existing media goliaths. It would never be influenced by personal connections to the president.
“This case underscores that the corruption pervading the Trump administration isn’t just about making Trump and his family and hangers-on ever richer. That corruption is fundamentally distorting economic and governmental policy making, at the direct expense of the interests of the American people.”