This week, Kim Masters talks to Alvaro Bedoya, a former FTC Commissioner, about why he objects to the Paramount-Warner Brothers merger. Bedoya says it will mean fewer jobs, higher subscription fees for consumers, and more censorship when the Ellison family - who own Paramount Skydance - control both CBS News and CNN. Bedoya also addresses a surprising accusation from Paramount’s Chief Counsel against some who oppose the merger. 

[Editor’s note: this episode first aired before the Department of Justice announced on Friday afternoon that they would not challenge the Paramount-Warner merger.]

Plus, Masters and Matt Belloni discuss the box office prospects for Steven Spielberg’s new movie Disclosure Day. Can the director, who popularized the summer blockbuster, still bring people out to the theaters?