Warner-Paramount Merger Approved

The shareholder vote marks a critical milestone for the mega-merger, though it still faces significant regulatory hurdles in both the U.S. and the UK. While the acquisition was approved, investors issued a stinging rebuke to leadership by voting against a massive payout package for CEO David Zaslav.

Industry critics and some political figures have voiced concerns about the impact on competition and potential job losses in New York City.

If cleared, the combined entity will bring HBO, CNN, and CBS under a single corporate umbrella.