1. United States
2. Ohio
3. Letter

The FCC must testify before Congress on the $111 billion Paramount-Warner Bros. Discovery merger and block foreign investment from Saudi Arabia's Public Investment Fund and other Middle East sovereign wealth funds. Seven senators led by Cory Booker demanded answers on March 23, 2026. The FCC has not responded. The March 27 proxy statement names only Larry Ellison's trust and RedBird Capital as investors, but SEC filings from December 2025 showed $24 billion from PIF, Qatar, Abu Dhabi, and Jared Kushner's Affinity Partners. Foreign investors were scrubbed from the February 27 definitive agreement to avoid CFIUS review. Buried subscription agreements allow the Ellison Trust to assign equity to foreign investors after shareholder approval with just notification, no consent required. RedBird's Gerry Cardinale confirmed on March 5 they plan to "syndicate with strategic domestic and foreign investors" between signing and closing. PIF is controlled by Mohammed bin Salman, who the CIA concluded ordered the killing of Washington Post columnist Jamal Khashoggi. This merger would put CNN, CBS News, HBO, and Warner Bros. under one company with potential Saudi board seats and editorial influence. The Iran war creates political cover, but wartime alliances should not grant immunity from national security review. Require FCC Chairman Brendan Carr to testify publicly. Demand full disclosure of all subscription agreements and foreign investor commitments. Block any equity assignments to foreign governments before deal closing.