FCC approves Paramount–Skydance merger
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The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.
Paramount co-CEO Chris McCarthy has opted to depart upon the completion of the Skydance acquisition as deal has landed FCC approval.
The Federal Communications Commission cleared the way Thursday for an $8 billion merger between Paramount and Skydance Media.
FCC commissioner Brendan Carr says CBS will have a "bias monitor" who reports directly to the president of Paramount. The Federal Communications Commission finally approved an $8 billion merger between Paramount and Skydance on Thursday after several changes at CBS that were widely seen as efforts to placate President Donald Trump.