FCC approves Skydance-Paramount merger

The FCC has approved Skydance's $8 billion acquisition of Paramount Global. This approval concludes a long and scrutinized merger process. FCC chair Brendan Carr welcomes Skydance's commitment to significant changes at CBS. Skydance has pledged to ensure diverse viewpoints and invest in local news. The company also committed to ending diversity, equity and inclusion programs. Paramount co-CEO Chris McCarthy will exit the company upon completion of the merger. The approval follows months of negotiations, including a $16 million settlement with Trump. Changes at Paramount prompted leadership departures at "60 Minutes." CBS canceled "The Late Show with Stephen Colbert" shortly after the settlement. This merger reflects a new reality for media companies in the Trump era.