Paramount Global-Skydance Media Merger Gets FCC Approval
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McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio took on the role after the ouster of Bob Bakish as the company was in its first round of negotiations with Skydance. McCarthy is also president of Showtime/MTV Entertainment and oversees the company’s streaming platforms Paramount+ and Pluto TV.
Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.
After a long, complicated slog toward Thursday’s FCC approval, Paramount Global and Skydance Media will now face a number of tricky questions in becoming one company. While the $8 billion-plus transaction will need a few more days to become official,
Paramount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy expressed their thanks to the media giant's staff following news that its pending $8 billion merger with Skydance Media is expected to close Aug.
Nickelodeon is bringing a massive lineup of exclusive collectibles to Comic-Con, covering franchises like Avatar: The Last Airbender, SpongeBob SquarePants, and Teenage Mutant Ninja Turtles.
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The Federal Communications Commission said it had approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount after Skydance made several concessions to the Trump administration.