Coughing up details about Trump-supported mega-acquisitions.Was this email forwarded to you? Sign up here to get The Daily Prospect Monday through Friday. [link removed]
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**MAY 12, 2026**
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The Freedom of the Press Foundation and Reporters Without Borders invest in Paramount, so they can use a rule just for shareholders to demand the corporation cough up details about its Trump-supported mega-acquisitions. Under Delaware General Corporate Law Section 220, the two investors have the right to inspect Paramount’s books and records; they’re seeking to determine whether “executives may have breached their fiduciary duties or otherwise committed misconduct” by trading favors with Trump. Sometimes shareholders use Delaware law to protect their investments and make more money. This time [link removed], the shareholders are trying to protect the freedom of the press in a lawless America.
**–Whitney Wimbish, staff writer**
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Jakub Porzycki/NurPhoto via AP
Investors Using Shareholder Power to Challenge Corrupt Paramount Deal [link removed]
A pair of press organizations are using their power as shareholders of media giant Paramount to demand that its owners David and Larry Ellison produce records related to two recent acquisitions: Skydance’s acquisition of Paramount, and Paramount Skydance’s proposed acquisition of Warner Bros. Discovery. The records could shed light upon whether the executives traded favors with the Trump administration to get approval for the deals.
Using Delaware General Corporation Law Section 220, Reporters Without Borders and Freedom of the Press Foundation say in a communication [link removed] with Paramount that they have the right to inspect the company’s books and records, to determine whether “executives may have breached their fiduciary duties or otherwise committed misconduct.”
Paramount’s takeover of Warner Bros. Discovery was already facing serious regulatory challenges before this action. California Attorney General Rob Bonta said in a conference call Monday [link removed] that “there are red flags everywhere” with the deal and that he may file an antitrust lawsuit against it in conjunction with other states. More than 5,000 marquee-name actors and other entertainment industry players have signed an open letter opposing the merger [link removed].
Critics have labeled the deals a catastrophe for unbiased journalism [link removed] and a prelude to massive layoffs [link removed]. The two shareholder groups are particularly concerned with the ethical compromises made to flatter and even enrich Donald Trump and subsequently get the deals past federal antitrust regulators.
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