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Stock impact report

Center for American Rights Files FCC Petition Challenging Paramount-Skydance Merger [Yahoo! Finance]

TENCENT HLDGS UNSP/ADR (TCEHY) 
NASDAQ:AMEX Investor Relations: tencent.com/en-us/investor.html
Company Research Source: Yahoo! Finance
The non-profit, which describes itself as “non-partisan, public-interest law firm,” says an investment in Skydance from China's Tencent Holdings raises questions about “troubling questions about undue foreign influence from China.” It also claims that CBS News has “exhibited improper ideological bias” and that CBS Television has “apparently engaged in illegal racial quotas for its hiring.” “The Center asks the Commission to condition its grant of approval of the merger on specific commitments by the new corporation to address these issues, and to place the approval on a probationary status for an appropriate period of years until compliance with the conditions is evident,” CAR wrote in its petition. Paramount and Skydance declined to comment on CAR's FCC petition. CAR's petition comes after the company filed a news distortion complaint against CBS over a “60 Minutes” interview with Vice President Kamala Harris. President-elect Donald Trump has complained that CBS should lose it Show less Read more
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