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, the review was marred by political interference allegations linked to President Donald Trump, and on July 1, Paramount agreed to pay $16 million to settle his lawsuit.
- After negotiations, Skydance pledged to hire an ombudsman at CBS News, not introduce new DEI initiatives, and ensure diverse viewpoints in programming.
- The FCC commissioners voted 2-1 to approve the merger, while Commissioner Anna Gomez dissented, warning ‘dark chapter in a long and growing record of abuse’.
- The approval positions the merger to close by this September, with David Ellison taking control of Paramount, aiming to finalize the deal by that date.
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Paramount and Skydance Announce Anticipated Closing Date, Deadlines to Elect Merger Consideration and Change of Ticker Symbol Effective at the Closing
NEW YORK, July 25, 2025 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) ("Paramount") and Skydance Media, LLC ("Skydance") today announced that the transactions (the "Transactions") contemplated by the Transaction Agreement, dated as of July 7, 2024, by and among Paramount,…
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…
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