Skydance, FCC and Paramount
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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.
The FCC approved the $8.4 billion sale of Paramount to Skydance Media, as CBS prepares newsroom reforms, including eliminating DEI programs.
2don MSN
The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media
Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.
Skydance committed to removing DEI programs and establishing a bias complaint system at CBS News as it seeks FCC approval for Paramount merger.
FCC Chairman Brendan Carr praised Skydance Media’s commitment to hire an ombudsman for CBS News after it completes its merger with Paramount Global. The commitment was outlined in a filing with the FCC this week.
In just under two weeks, Paramount Global will complete its merger with the smaller Skydance Media to form “ Paramount Skydance Corp.” — and bring a rollercoaster M&A ride to its conclusion. The FCC cleared the Skydance-Paramount deal Thursday, removing the last regulatory obstacle.