 California’s probe into Paramount’s acquisition of Warner Bros. Discovery isn’t a personal attack on owner David Ellison. That’s what California Gov. Gavin Newsom told me when I caught him for a few minutes backstage after his Vox Media interview at SXSW to promote his new book. (You can judge for yourself whether he “mogged me” in the forthcoming video interview.) On the night of the Academy Awards, I was curious how the governor was thinking about the California attorney general’s inquiry into the deal, and how it will affect entertainment workers in a beleaguered Hollywood. Newsom told me he’s concerned about the amount of debt Paramount was taking on to acquire WBD, and whether it will inevitably lead to massive consolidation and job loss in the state. “We’re doing our job,” Newsom said. “The [California] Department of Justice is doing their job because we know the federal government will not. They’ve already basically signed off on it, which is just in and of itself extraordinary. It was ‘ready, fire, aim,’ as opposed to ‘ready, aim, fire,’ in terms of assessing the merits of this.” Newsom may be the Democrats’ current champion, but he has his own long relationship with the Ellison family (he once gifted Larry Ellison the key to the city of San Francisco, though that didn’t stop him from trying to get Newsom recalled). The Ellisons still employ a significant number of white-collar workers in California, via Oracle and Paramount. But now, the party that Newsom wants to lead is clamoring for Democrats to go after any major company or figure who appears to be capitulating to Donald Trump, with Ellison near the top of the list. “It’s not personal. It really impacts real people, communities — the entire ecosystem,” Newsom told me of the merger and looming potential cuts. “That creative economy is … why we dominate in this space. We can’t lose that.” Also: why (and how) every reporter seems to be calling Trump’s cell phone, what The Atlantic’s editor-in-chief told Jeff Bezos, and NOTUS’ impending hiring spree. |