Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger delay costs
Twelve states suing to block the $110bn deal must post security for ticking fees and financing costs, the company told a judge
AI-assisted coverage comparison, editor-supervised · How this was made

Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger delay costs
Photograph: CNBC (embedded from source)
What this story says
- Paramount Skydance requested a judge require 12 state attorneys general to post a $1.88 billion bond to cover costs of delaying its $110 billion merger with Warner Bros Discovery.
- The bond request cites ticking fees of $0.25 per Warner Bros share per quarter, which could total $1.3 billion by the trial’s end in March 2027.
- The states, led by California, sued in July 2026 alleging the merger would violate antitrust laws by reducing competition in film and cable TV.
- A court order bars the merger from closing until at least June 1, 2027, while the trial is scheduled for March 2 to 19, 2027.
Who covered it
Percentages are shares of the 54 outlets carrying a published leaning rating. 30 of the 84 outlets we know ran this story carry no rating and are not counted in them. Coverage measured .
Trust
78/100
Craft
65/100
Hype
15/100
84 sources · methodology
Paramount Skydance asked a U.S. judge to require 12 state attorneys general to post a $1.88 billion bond to cover costs of delaying its $110 billion merger with Warner Bros Discovery. The request, filed on 16 August 2026, cites ticking fees and financing costs that Paramount would incur if the deal is not completed by 30 September 2026.
The states, led by California Attorney General Rob Bonta, sued Paramount and Warner Bros Discovery in July 2026, alleging the merger would violate the Clayton Antitrust Act. A court order bars the companies from closing the deal until at least 1 June 2027. The trial is scheduled for 2 to 19 March 2027.
Paramount stated it has received regulatory approvals from 68 jurisdictions, including the U.S. Department of Justice and Mexico. The company agreed to pay Warner Bros Discovery shareholders an additional $0.25 per share per quarter as a ticking fee if the deal is delayed past 30 September 2026.
What the reports disagree on
The reports differ on the exact figure Paramount cited for ticking fees by the trial’s end. CNBC reported Paramount stated it would have paid Warner Bros Discovery shareholders $1.3 billion in ticking fees alone by the time the trial concludes. Market Business News did not specify a total figure but noted the ticking fee could reach $650 million per quarter.
What the coverage left out
None of the right-rated digests mentioned the Writers Guild of America’s parallel lawsuit or the regulatory clearances Paramount had secured. The centre-rated Reuters digest did not specify the costs the bond was intended to cover. None of the digests from left-rated outlets named the 12 states involved in the lawsuit, though CNBC’s full report listed them.
Coverage settled. We checked this 9 times and stopped on 23 Aug 2026, 06:45. The figures above are what it finished at.
How other outlets pictured it
Which photograph to run is each newsroom’s own choice. The leaning beside a name is that outlet’s published rating, not a claim that the pictures divide along it. Every picture is shown from the outlet’s own server and links to the article it ran in.

Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger delay costs
Market Business News — embedded from source
How each side covered it
Our own reading of the reporting listed below, written from the outlets’ articles rather than quoted from them. The reasoning is set out on our methodology page.
Left
20 rated outlets
- Left-rated outlets led on Paramount’s request for a $1.88 billion bond from the 12 state attorneys general opposing its merger with Warner Bros. Discovery. All 12 digests and the CNBC report named the bond amount and the states involved: California, Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington.
- The CNBC report and 10 of the digests stated the bond would cover ticking fees and financing costs tied to the merger delay. CNBC added that Paramount calculated the bond from quarterly payments of 25 cents per Warner Bros. share, totalling $650 million per quarter. The Los Angeles Times and Variety digests included the Writers Guild of America as a plaintiff required to post the bond.
- CNBC quoted Paramount’s statement that the delay carried "substantial and quantifiable financial consequences" and that the bond was required under the Clayton Antitrust Act. The Hollywood Reporter digest noted Paramount’s argument that the bond would ensure recovery if the states lost. No other outlet quoted the company’s wording or the states’ response.
Centre
22 rated outlets
- The centre-rated reports focused on the regulatory clearances and the legal process. Market Business News’s full report led on Paramount securing all required approvals from 68 jurisdictions, including Mexico, but noted the merger remained on hold due to the states’ lawsuit. It detailed the court order preventing the deal from closing until June 2027.
- Market Business News described the ticking fee as a cost that would increase the purchase consideration and noted Paramount’s exposure to litigation costs and delayed operating savings. It also outlined the opposing arguments on market competition, with the states focusing on film distribution and cable TV, while the U.S. Department of Justice found the merger unlikely to harm competition.
- Reuters’s digest mentioned the $1.88 billion bond request but did not specify the costs it was intended to cover.
Right
12 rated outlets
- The right-rated digest from ussanews.com led on the $1.88 billion bond request and described it as covering the costs of the merger delay. It did not specify the ticking fees or other financial details. The digest attributed the report to CNBC but did not include additional context or quotes.
Questions about this coverage
- How did the left and right cover Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger…?
- Of the 54 outlets on this story carrying a published leaning rating, 37% are rated left, 41% are rated centre, 22% are rated right. Those percentages are shares of the rated outlets, not of every outlet that ran it, which was 84. The sections above set out what each side emphasised, in its own terms.
- Is Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger… left or right?
- Neither side dominates it. Of the 54 rated outlets on this story, 37% are rated left, 41% are rated centre, 22% are rated right, and no side holds the 70% this site would want before calling a field one-sided. A story is not left or right in any case; the outlets that carried it are what carry ratings.
- Is the coverage of Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger… biased?
- Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger delay costs is one event reported by 84 outlets, and this page does not rate the story as biased or unbiased. What it publishes is the spread: which outlets ran it, where named rating organisations place each of them on the spectrum, and what each side chose to lead with. A leaning rating describes an outlet's record over time, not this article, and the two should not be run together.
- Which outlets covered Paramount seeks $1.88bn bond from state AGs to cover Warner Bros merger…?
- 84 that we know of, every one of them listed further up this page with a link to its own report and to what we hold on the publisher. Nothing here is a summary of somebody else's summary: the outlets are named so the original reporting can be read.
- Why is Paramount asking for a $1.88 billion bond?
- Paramount Skydance requested the bond to cover costs of delaying its $110 billion merger with Warner Bros Discovery, including ticking fees of $0.25 per share per quarter and financing costs. The company stated the delay could cost $1.3 billion in ticking fees alone by the trial’s end in March 2027.
- Which states are suing to block the Paramount-Warner merger?
- Twelve states, led by California Attorney General Rob Bonta, sued Paramount and Warner Bros Discovery in July 2026. The other states are Arizona, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon and Washington.
- What are ticking fees in the Paramount-Warner deal?
- Ticking fees are additional payments Paramount agreed to pay Warner Bros Discovery shareholders if the merger is delayed past 30 September 2026. The fee is $0.25 per share per quarter and could total $650 million per quarter, or $1.3 billion by the trial’s end in March 2027.
- When is the trial for the Paramount-Warner antitrust lawsuit?
- The trial is scheduled for 2 to 19 March 2027. A court order bars the merger from closing until at least 1 June 2027, regardless of the trial’s outcome.
Read it at the source
84 outlets, grouped by the leaning a published rating gives them. Every headline links to the original; an underlined outlet name opens our profile of that publisher.
Left
20- Paramount to States Blocking Merger: Pay $1.88B (opens Newser in a new tab)
- Will Paramount leave Hollywood to save the Warner Bros. merger? (opens The Week in a new tab)
- Paramount Demands 1.9 Billion From Plaintiffs Who Have Halted Their Merger with Warner Bros. (opens Eldiario.es in a new tab)
Eldiario.es — is Eldiario.es biased? Our profile of this outlet
- Paramount Claims $1.88 Billion Bail From US States Opposing Warner's Takeover (opens Le Temps in a new tab)
- Paramount Demands $1.9 Billion From 12 States over Lawsuit Against Merger with Warner Bros. (opens unn.ua in a new tab)
- Paramount Replies to States Opposed to Warner's Takeover (opens Radio-Canada in a new tab)
Radio-Canada — is Radio-Canada biased? Our profile of this outlet
- Paramount Claims a $1.9 Billion Bond From the Twelve US States Opposed to Its Merger with Warner Bros (opens Le Monde in a new tab)
- Paramount demands $1.9B from states, including WA, over Warner deal delays (opens The Seattle Times in a new tab)
The Seattle Times — is The Seattle Times biased? Our profile of this outlet
Show 12 more
- Warner's Repurchase of Paramount Claims a $1.9 Billion Bond From States Opposing the Merger (opens La Presse in a new tab)
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens CNN in a new tab)
- David Ellison's Paramount wants its WBD merger challengers to put up nearly $1.9 billion (opens Business Insider in a new tab)
Business Insider — is Business Insider biased? Our profile of this outlet
- Paramount demands $1.9 billion from states, citing Warner deal delays (opens Lodinews.com in a new tab)
Lodinews.com — is Lodinews.com biased? Our profile of this outlet
- Paramount demands $1.9 billion from states, citing Warner deal delays (opens Los Angeles Times in a new tab)
Los Angeles Times — is Los Angeles Times biased? Our profile of this outlet
- Paramount Demands That States Post $1.88 Billion Bond Amid Warner Bros. Antitrust Suit (opens The Hollywood Reporter in a new tab)
The Hollywood Reporter — is The Hollywood Reporter biased? Our profile of this outlet
- Paramount Requests $1.88 Billion Bond to Pay for Ticking Fees, Other Costs in WB Legal Battle (opens The Wrap in a new tab)
- Paramount Requests States and WGA Be Required to Post $1.9 Billion Bond to Cover Financial Losses While Warner Bros. Merger Is Stuck on Hold Pending Trial (opens Variety in a new tab)
- Paramount Demands $1.8B From AGs For Costs Of Antitrust Suit Over WBD Merger (opens Deadline in a new tab)
- Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay (opens CNBC in a new tab)
- Paramount demands $1.9 billion from Nevada, other states, citing Warner deal delays (opens Las Vegas Sun in a new tab)
Las Vegas Sun — is Las Vegas Sun biased? Our profile of this outlet
- Paramount seeks $1.88 billion bond from state AGs over merger lawsuit (opens The spokesman-Review in a new tab)
The spokesman-Review — is The spokesman-Review biased? Our profile of this outlet
Centre
22- Paramount Claims a $1.9 Billion Bond From the Twelve US States Opposing Its Acquisition of Warner Bros (opens BFM TV in a new tab)
- Repurchase of Warner Bros: Paramount Claims $1.9 Billion Bail From States that Oppose the Merger (opens Sud Ouest in a new tab)
- Paramount demands $1.9 billion in bold retaliation over states' lawsuit to block Warner Bros merger (opens TAG24 in a new tab)
- Paramount Demands $1.9 Billion Bail From State Attorneys General Who Oppose the Merger with Warner Bros. (opens Washington Top News in a new tab)
Washington Top News — is Washington Top News biased? Our profile of this outlet
- Paramount Demands $1.9 Billion Bail From State Attorneys General Who Oppose the Merger with Warner Bros. (opens Local 3 News in a new tab)
Local 3 News — is Local 3 News biased? Our profile of this outlet
- Paramount seeks nearly $1.9 billion bond over WBD merger delay (opens KYMA in a new tab)
- Paramount Demands $1.9 Billion From Its Plaintiffs for Losses when the Case Is Paralysed (opens EFE in a new tab)
- Paramount demands $1.9 billion surety over states' merger lawsuit (opens France24 in a new tab)
Show 14 more
- Paramount Wants Suing States & WGA to Pay Fees for Warner Bros. Merger Delay (opens ComingSoon.net in a new tab)
ComingSoon.net — is ComingSoon.net biased? Our profile of this outlet
- Paramount Demands $1.88 Billion Bond from California and 11 Other States Over Warner Bros. Merger Delay Costs (opens Cord Cutters News in a new tab)
Cord Cutters News — is Cord Cutters News biased? Our profile of this outlet
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens kioncentralcoast.com in a new tab)
kioncentralcoast.com — is kioncentralcoast.com biased? Our profile of this outlet
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens KESQ in a new tab)
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens KEYT in a new tab)
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens KRDO in a new tab)
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens KIFI in a new tab)
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens KVIA in a new tab)
- Paramount seeks $1.88 billion bond from state AGs over merger lawsuit (opens WTVB in a new tab)
- Paramount seeks $1.88 billion bond from state AGs over merger lawsuit (opens Reuters in a new tab)
- Paramount Seeks $1.88 Billion Bond From States in Merger Lawsuit (opens Market Screener in a new tab)
Market Screener — is Market Screener biased? Our profile of this outlet
- Paramount: States Should Put Up $1.9B Bond; States: We Don't Think So (opens Bleeding Cool News And Rumors in a new tab)
Bleeding Cool News And Rumors — is Bleeding Cool News And Rumors biased? Our profile of this outlet
- Paramount-Warner Bros deal faces 'sufficient competition', says CMA (opens City AM in a new tab)
- Paramount secures final required clearance, but $110 billion Warner Bros. deal remains on hold (opens Market Business News in a new tab)
Market Business News — is Market Business News biased? Our profile of this outlet
Right
12- Paramount's Counterattack... Demands 3 Trillion Won Deposit From 12 States Including California (opens 연합뉴스-Yonhap News Agency in a new tab)
연합뉴스-Yonhap News Agency — is 연합뉴스-Yonhap News Agency biased? Our profile of this outlet
- Paramount Demands a $1.88 Billion Bail From the 12 States and the U.S. Writers Union (WGA) that Are Paralyzing Its Merger with Warner Bros. (opens La Razón in a new tab)
- Paramount seeks $1.88 billion bond from US state AGs over merger lawsuit (opens Times of India in a new tab)
Times of India — is Times of India biased? Our profile of this outlet
- Paramount Asks Judge to Order States to Post $1.9 Billion Bond for Trial Delay (opens The Epoch Times in a new tab)
The Epoch Times — is The Epoch Times biased? Our profile of this outlet
- Paramount Wants States to Provide Guarantees During Lawsuit (opens BT in a new tab)
- Paramount Asks States to Shoulder $1.9 Billion Cost of 'Fees' as Antitrust Lawsuit Delays Warner Bros. Deal (opens Breitbart in a new tab)
- Paramount demands US$1.9bil surety over states’ merger lawsuit (opens Free Malaysia Today News in a new tab)
Free Malaysia Today News — is Free Malaysia Today News biased? Our profile of this outlet
- Paramount Claims $1.9 Billion Bail From US States Opposing Its Takeover of Warner (opens Le Figaro in a new tab)
Show 4 more
- Paramount wants a $1.9 billion bond from state AGs fighting the Warner Bros. merger (opens KTEN in a new tab)
- Paramount Requests $1.88 Billion Guarantee From U.S. States Challenging Merger with Warner (opens Globo in a new tab)
- Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delay (opens ussanews.com in a new tab)
ussanews.com — is ussanews.com biased? Our profile of this outlet
- Paramount demands $1.9 billion from states, citing Warner deal delays (opens ArcaMax Publishing in a new tab)
ArcaMax Publishing — is ArcaMax Publishing biased? Our profile of this outlet
Not rated
30- Paramount Demands a $1.62 Billion Security Deposit Due to the Impasse in the Purchase of Warner Bros. (opens Publico in a new tab)
- Paramount files motion for $1.88bn bond amid ongoing state antitrust trial (opens Realscreen in a new tab)
Realscreen — is Realscreen biased? Our profile of this outlet
- The Response to 1.9 Billion Paramount Against States and Writers Who Want to Block Its Merger with Warner (opens L'Opinion in a new tab)
L'Opinion — is L'Opinion biased? Our profile of this outletOpinion
- Paramount Claims Colossal Money From some American States (opens Journal du Geek in a new tab)
Journal du Geek — is Journal du Geek biased? Our profile of this outlet
- Basta: Paramount Wants to Make Warner Shareholders Happy with State Money. (opens turi2 in a new tab)
- Paramount Demands 1.9 Billion From U.S. States for Delayed Warner Paramount Merger (opens Moncloa in a new tab)
- Paramount Demands That States Post $1.88 Billion Bond Amid Warner Bros. Antitrust Suit (opens BizToc in a new tab)
- Paramount Wants States to Provide Guarantees During Lawsuit (opens Kristeligt Dagblad in a new tab)
Kristeligt Dagblad — is Kristeligt Dagblad biased? Our profile of this outlet
Show 22 more
- Paramount Wants States to Provide Guarantees During Lawsuit (opens avisendanmark.dk in a new tab)
avisendanmark.dk — is avisendanmark.dk biased? Our profile of this outlet
- Prediction Markets Still See Paramount as Likely Winner in Warner Bros. Takeover Battle (opens Tekedia in a new tab)
- Paramount Claims $1.9 Billion From 12 US States (opens RTS in a new tab)
- Paramount Demands 1.9 Billion From Its Plaintiffs for Losses by Paralysing the Case - Information Focus (opens focoinformativo.site in a new tab)
focoinformativo.site — is focoinformativo.site biased? Our profile of this outlet
- Paramount: All Regulatory Approvals Needed for WBD Deal Are in Hand (opens communicationsdaily.com in a new tab)
communicationsdaily.com — is communicationsdaily.com biased? Our profile of this outlet
- Paramount seeks bond from states over Warner Bros. merger delay (opens The San Joaquin Valley Sun in a new tab)
The San Joaquin Valley Sun — is The San Joaquin Valley Sun biased? Our profile of this outlet
- Paramount demands $1.9 billion surety over states' merger lawsuit (opens coastaltvnews.com in a new tab)
coastaltvnews.com — is coastaltvnews.com biased? Our profile of this outlet
- Paramount demands $1.9 billion surety over states' merger lawsuit (opens rtl.lu in a new tab)
- Paramount Claims US$1.9 Billion From States Opposing Its Acquisition of Warner (opens Les Affaires in a new tab)
Les Affaires — is Les Affaires biased? Our profile of this outlet
- Paramount Claims $1.9 Billion From States Opposing Its Acquisition of Warner (opens ouest-france.fr in a new tab)
ouest-france.fr — is ouest-france.fr biased? Our profile of this outlet
- Paramount Seeks $1.88 Billion Bond From Plaintiffs Challenging WBD Merger; Calif. AG Dismisses Move as Idle Threat (opens mediaplaynews.com in a new tab)
mediaplaynews.com — is mediaplaynews.com biased? Our profile of this outlet
- Paramount Stock Gains as CNN Sale Option Meets a $1.3 Billion Warner Delay Bill (opens ts2.tech in a new tab)
- Paramount seeks $1.9bn bond from plaintiffs in WBD merger ... (opens Screen in a new tab)
- Media Giant Demands Billions for Delayed Deal (opens Dagens industri in a new tab)
Dagens industri — is Dagens industri biased? Our profile of this outlet
- Filing: Paramount seeks a $1.88B bond from state AGs, based on its calculation of ticking fees and other costs it will have to pay due to the WBD deal delay (Lillian Rizzo/CNBC) (opens mediagazer.com in a new tab)
mediagazer.com — is mediagazer.com biased? Our profile of this outlet
- Paramount Requests $1.88B Bond To Pay For Ticking Fees, Other Costs In WB Legal Battle (opens TV News Check in a new tab)
TV News Check — is TV News Check biased? Our profile of this outlet
- Paramount Calls for $1.9 Billion in Support of Demand for Warner Bros. Acquisition (opens El Economista in a new tab)
El Economista — is El Economista biased? Our profile of this outlet
- Kalshi and Polymarket See 22% Probability that the Paramount-Warner Bros Merger Would Fail. (opens DiarioBitcoin in a new tab)
DiarioBitcoin — is DiarioBitcoin biased? Our profile of this outlet
- PSKY's WBD bid has 1-in-4 odds of falling through, Kalshi traders say (opens Los Angeles Weekly Times in a new tab)
Los Angeles Weekly Times — is Los Angeles Weekly Times biased? Our profile of this outlet
- UK clears Paramount’s $110bn Warner Bros. swoop (opens BusinessCloud.co.uk in a new tab)
BusinessCloud.co.uk — is BusinessCloud.co.uk biased? Our profile of this outlet
- Pressure mounts on both sides in Paramount battle (opens TV Tech Industry News in a new tab)
TV Tech Industry News — is TV Tech Industry News biased? Our profile of this outlet
- Paramount Skydance Satisfies All Regulatory Conditions Under the Merger Agreement to Close Warner Bros. Discovery Acquisition, Securing Clearances In Nearly 70 Countries Worldwide (opens nickalive.net in a new tab)
nickalive.net — is nickalive.net biased? Our profile of this outlet
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