US EditionFCC 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, political interference allegations linked to President Donald Trump marred the review, and on July 1, Paramount agreed to pay $16 million to settle his lawsuit.
- To secure FCC approval, Skydance pledged to hire an ombudsman at CBS News, not introduce new DEI initiatives, and ensure diverse viewpoints in programming.
- The approval passed by a narrow 2-1 vote, while Commissioner Anna Gomez dissented, 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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Paramount pledges $20 million to Trump PSAs as Skydance nears merger close
[Editor’s note: this segment was taped before news broke of the FCC approval of the Paramount-Skydance merger .] A $20 million PSA deal for the Trump administration is reportedly now part of the Skydance-Paramount merger story. The cancellation of The Late Show with Stephen Colbert is also adding to the upheaval, as is the potential overhaul of leadership at CBS News. Kim Masters and Matt Belloni unpack the latest updates to the enduring saga. …
FCC Approves Skydance Purchase of CBS News’s Parent Company, Heralds Changes
FCC Approves Skydance Purchase of CBS News’s Parent Company, Heralds Changes Late Thursday, the Federal Communications Commission (FCC) announced it had “approved Skydance’s $8 billion acquisition of Paramount Global and its subsidiaries, including the ultimate parent company of the CBS network of owned and operated broadcast television stations, by granting a series of applications that transfer FCC licenses and authorizations.” In acknowledgi…
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…
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