Opinion | California needs to better resist job-killing megamergers in entertainment
Published . Updated .
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Mergers like the recent ones between Paramount and Warner Bros and between Fox Corp and Roku are endangering thousands of entertainment jobs.
Directly affected
Indirectly affected
- XLC Communication Services Select Sector SPDR
Communication Services Select Sector SPDR holds the communications sector that Fox belongs to, so it often moves with news about it.
- NXST Nexstar Media Group
Nexstar Media Group is a peer of Fox in television broadcasting stations; rivals often move on the same news.
- VSNT Versant Media Group
Versant Media Group is a peer of Fox in television broadcasting stations; rivals often move on the same news.
- SPOT Spotify Technology S.A
Spotify Technology S.A is a large communications company like Fox; big names in a sector often move together.
- SIRI Sirius XM Holdings
Sirius XM Holdings is a large communications company like Fox; big names in a sector often move together.
- TME Tencent Music Entertainment Group
Tencent Music Entertainment Group is a large communications company like Fox; big names in a sector often move together.
- CMCSA Comcast
Comcast is a peer of Roku in cable and other pay television services; rivals often move on the same news.
- CHTR Charter Communications
Charter Communications is a peer of Roku in cable and other pay television services; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ROKUPrices arriving within minutes | — | — | — | after close | after close | after close | after close |
| FOXA | +1.41% | +2.54% | base | after close | after close | after close | after close |
| XLC | -2.62% | +0.15% | base | after close | after close | after close | after close |
| NXST | -7.68% | +0.35% | base | after close | after close | after close | after close |
| VSNT | -5.22% | -1.87% | base | after close | after close | after close | after close |
| SPOT | +0.78% | +1.28% | base | after close | after close | after close | after close |
| SIRI | +1.98% | +1.61% | base | after close | after close | after close | after close |
| TME | +5.99% | +3.44% | base | after close | after close | after close | after close |
| CMCSA | -1.69% | -0.32% | base | after close | after close | after close | after close |
| CHTR | -11.06% | +1.02% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Opinion | California needs to better resist job-killing megamergers in entertainment CalMatters
Source: CalMatters
This story
| Company | When | Move | Status |
|---|---|---|---|
| CHTR | three days earlier | +1.02% | final price |
| CHTR | five days earlier | -11.06% | final price |
| CMCSA | three days earlier | -0.32% | final price |
| CMCSA | five days earlier | -1.69% | final price |
| FOXA | three days earlier | +2.54% | final price |
| FOXA | five days earlier | +1.41% | final price |
| NXST | three days earlier | +0.35% | final price |
| NXST | five days earlier | -7.68% | final price |
| SIRI | three days earlier | +1.61% | final price |
| SIRI | five days earlier | +1.98% | final price |
| SPOT | three days earlier | +1.28% | final price |
| SPOT | five days earlier | +0.78% | final price |
| TME | three days earlier | +3.44% | final price |
| TME | five days earlier | +5.99% | final price |
| VSNT | three days earlier | -1.87% | final price |
| VSNT | five days earlier | -5.22% | final price |
| XLC | three days earlier | +0.15% | final price |
| XLC | five days earlier | -2.62% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Gilbert Cisneros bought Fox (FOXA), worth $1,001 - $15,000 on 20 Oct 2026. That is 24 days before publication. Filed 10 Nov 2026. View the filing.
- Donald J Trump, an executive branch official, sold Fox (FOXA), worth $15,001 - $50,000 on 26 Aug 2026. That is 79 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Versant Media Group (VSNT), worth $15,001 - $50,000 on 21 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Comcast (CMCSA), worth $1,001 - $15,000 on 20 Oct 2026. That is 24 days before publication. Filed 10 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Comcast (CMCSA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 49 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Comcast (CMCSA), worth $250,001 - $500,000 on 21 Aug 2026. That is 84 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. August Lee Pfluger II reported a trade in Charter Communications (CHTR) (held by a dependent child), worth $1,001 - $15,000 on 20 Aug 2026. That is 85 days before publication. Filed 14 Sep 2026. View the filing.
- Rep. August Lee Pfluger II reported a trade in Charter Communications (CHTR), worth $1,001 - $15,000 on 20 Aug 2026. That is 85 days before publication. Filed 14 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Opinion | California needs to better resist job-killing megamergers in entertainment” scores 12 out of 100. The score uses 1 sources.