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The Paramount Merger and the Power of the States
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Editors’ Blog – TPM – Talking Points Memo
Yesterday I was reading this piece from Status about the agreement between Paramount and the states suing the company on anti-trust grounds to halt the Time Warner merger for up to a year.
But the weight of opinion was definitely along the lines of this being not at all good news for Paramount or the merger.
As we’ve discussed, while federal law is supreme, the states are also sovereign powers and they wield executive power.
But there are many others where states have the power of non-compliance or competing sovereign powers.
And the power of that refusal diminishes greatly if there is another sovereign authority which can act on its own.