FCC Signals Competition Concerns as WBD Slips on Netflix Deal

Brendan Carr of the FCC says there are legitimate competition concerns over Netflix’s proposed deal with Warner Bros. Discovery, helping push WBD shares down modestly as investors weigh potential regulatory involvement; the FCC would have jurisdiction in a Paramount–Warner bid, but not in the Netflix–WBD deal. Meanwhile, Netflix and Paramount have traded barbs over terms, and Wall Street remains cautiously positive on WBD with a Moderate Buy consensus and an average target around $25.61, implying some downside from the year’s rally.