US Edition
FCC approves $8 billion Paramount-Skydance merger
UNITED STATES, JUL 25 – The FCC approved Skydance's $8 billion acquisition of Paramount Global after about a year of regulatory review, requiring editorial oversight and an ombudsman to address bias complaints at CBS News.
- On Thursday, the Federal Communications Commission approved the $8 billion Paramount-Skydance merger, clearing the final regulatory hurdle.
- During the prolonged scrutiny, allegations of political interference linked to President Donald Trump marred the review, and on August 7, Paramount agreed to pay $16 million to settle his lawsuit.
- To secure FCC approval, Skydance pledged to hire an ombudsman at CBS News, not implement new DEI initiatives, and ensure diverse viewpoints in programming.
- The approval passed by a narrow 2-1 vote, with Commissioner Anna Gomez dissenting, warning ‘dark chapter in a long and growing record of abuse’.
- Following the FCC decision, Skydance CEO David Ellison will take control of Paramount in the coming weeks, with the deal aimed to close by this September.
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Rocky Mountain OutlookParamount gets green light for $8 billion merger. But what is the psychic cost for company?
With this week’s FCC approval, the merger between Paramount Global and Skydance Media is expected to be completed in the coming weeks at a value of $8 billion. The question for the new company is whether the psychic cost is…
The FCC's Paramount/Skydance decision aims to reshape broadcast journalism by bureaucratic fiat
Federal Communications Commission Chairman Brendan Carr thinks his agency should strive to ensure that news coverage is fair and balanced—a role precluded by the First Amendment.
Carr: CBS Dropping Bias, DEI Big Reason Deal Approved
CBS' promise to drop media "bias" and diversity, equity and inclusive initiatives was a big reason the Federal Communications Commission panel approved the $8.4 billion merger between Paramount Global and SkyDance Media, said FCC chair Brendan Carr. Paramount Global, which owns CBS, paid $16 million earlier this month to settle a Trump lawsuit filed against the company and CBS News. "I welcome Skydance's commitment to make significant changes at…
Sen. Warren Blasts Trump OK Of Paramount Merger Deal - Falls Church News
Friday, July 25 — U.S. Sen. Elizabeth Warren issued the following statement today blasting the Trump administration approval of the $8 billion Paramount-Skydance merger. “The Trump administration just approved Paramount’s $8 billion merger with Skydance. This looks like bribery and corruption, and I’ll tell you why. “Let’s rewind to 2024 when Trump sued CBS. At the time, CBS called this “meritless.” Three months later, Trump became p…
The merger is intended to provide the weak entertainment company Paramount with air in the tough competition. Critics fear, however, that Donald Trump will take media freedom out of control by his supervisors.
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