Tuesday, September 22nd Edition

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Today’s Big Story

Paramount Settles Antitrust Suit

 

The move clears the way for an epic $110 billion merger with Warner Bros.

 

Paramount Skydance settled the antitrust suit brought by 12 state attorneys general on Monday, clearing the last real obstacle to its takeover of Warner Bros. Discovery. The Writers Guild of America settled its parallel case the same day. Both were headed for trial in March. Instead, Hollywood’s biggest consolidation in years is now only two weeks from closing.

The price of peace is specific (and substantial). Paramount will spend an extra $300 million a year on domestic production for five years ($1.5 billion total) and release 30 films annually for two years, then 32 for three more, Fortune reports. It also has to keep the Paramount and Warner Bros. lots in Los Angeles operating for five years. Miss the movie quota and it pays $30 million per missing film and gives up Miramax.

There’s a newsroom clause too. A new board will oversee editorial independence at CBS News and CNN, two outlets that would otherwise sit under the same roof and the same owner. CEO David Ellison told staff he expects to close in about two weeks, pending a judge's sign-off, according to CNBC.

Just know that nobody’s calling this a win. “Not a vote of support for this merger,” California Attorney General Rob Bonta said of the settlement. Analysts still expect fewer studios to mean higher prices for the people paying the subscriptions. What happens after the judge signs is the part no settlement covers: which of two overlapping film slates, two news operations and two streaming services actually survives the merge. Twelve attorneys general just locked in five years of production spending. They didn’t actually lock in jobs.

 
Yes, But:

Axios says the settlement represents defeat for progressive Democrats who argued the deal is anticompetitive and criticized the states' settlement discussions with Paramount.
 

What’s the White House Press Pool Exactly?

 

And why is it so important?

Did you see the ribbon-cutting for the new White House helipad? Donald Trump’s mouth moving, the audio nothing but helicopter rotors. No network camera crew was there to fix it. Four of the five TV networks in the pool rotation (ABC, CBS, NBC and Fox News) refused to cover pool events after the White House barred CNN, which was scheduled as Monday’s designated broadcaster.

The ban came Friday, when Trump announced he was locking out CNN, Politico and MS Now, accusing them of reporting lies. Staff from all three were denied access. The three outlets sued, of course. But the pool exists for a practical reason. The Oval Office and Air Force One can’t hold the full White House press corps, so a small rotating group covers the president and shares everything it gets with everyone else. The arrangement dates to Franklin Roosevelt, and it’s the only reason the public sees inside those rooms at all.

The blackout went further than television. The Washington Post, The New York Times and The Associated Press withheld pool photographs until midnight ET. Print, radio and wire reporting continued, which is why anyone knew what Trump said at the helipad despite hearing none of it. And until it’s fixed, the most powerful office in the country is being covered by stenographers and still photographers on a delay.

 
FYI:

New York mayor Zohran Mamdani discusses midterms, Netanyahu in exclusive CNN interview after Trump meeting.

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Guys Are Injecting Testosterone Into Their Vocal Cords

 

It’s all to sound more powerful …

Men are now paying to have testosterone injected directly into their vocal cords. Why? To sound more authoritative in meetings. Chadwan Al Yaghchi, an ENT surgeon in London, says he’s the first in the U.K. to do the procedure on a cisgender man, reports GQ. And it’s already available in the U.S.

The mechanics are less dramatic than they sound. A small dose of hormone goes into the vocal fold muscle under local anesthetic to thicken it. Yaghchi reports pitch drops of 15 to 30 Hz across roughly 20 patients, most of them senior finance and property guys chasing gravitas. One Johns Hopkins doc pointed out that injecting vocal cords is long-established medicine; the testosterone is the new variable.

But this is where it gets murky. There’s still no long-term outcome data. Voice therapy and thyroplasty surgery remain the proven routes. So it’s worth asking whether the problem is your larynx or the room.

 
Meanwhile:

Inside Hook tries to reassure us that having low T isn’t so bad.

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