Democratic Sen. Chris Murphy (Conn.) has warned that Democrats will break up large media conglomerates like Paramount, which hosted a recent event hosted by Paramount CEO David Ellison, following the company's deal with Warner Bros. Discovery. The board of Warner Bros.-Discovery approved the company’s sale to Paramount after a months-long bidding war with Netflix. Ellison and his father, Larry Ellison, own CBS under their parent company, Paramount. The deal is expected to be finalised in the third quarter of 2026.