The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

The FCC approved the transfer of CBS licenses to Skydance's ownership group, paving the way to the merger of Skydance and Paramount.

Skydance needs FCC approval in order to take over Paramount. It’s now promising to root out “bias” at CBS News in order to get it.

The FCC approved the $8.4 billion sale of Paramount to Skydance Media, as CBS prepares newsroom reforms, including eliminating DEI programs.

An $8 billion merger between Skydance Media and Paramount Global received regulatory approval Thursday from the Federal Communications Commission in a deal that has raised alarm about free speech and government intrusion into the 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.

As part of its agreement to allow an $8 billion merger between media conglomerates Skydance and Paramount, the Federal Communications Commission (FCC) has assigned a government monitor to CBS (which is owned by Paramount) to rein in perceived "bias" against President Donald Trump and his administration.

FCC Chairman Brendan Carr said he was encouraged by Skydance commitments to reform CBS once a merger is complete.

Brendan Carr says they have not made a ‘final’ decision on the news distortion matter. Federal Communication Commission Commissioner Brendan Carr testifies before the House Energy and Commerce Committee's Communications and Technology Subcommittee in the Rayburn House Office Building on Capitol Hill. Chip Somodevilla/Getty Images

The Federal Communications Commission on Thursday gave the green light to the $8.4 billion merger between Paramount Global and Skydance Media – finally clearing the way for a deal that had been throttled by allegations of bias against CBS News.

Brendan Carr discussed media course correction following Colbert's show cancellation and criticizes partisan content, highlighting Skydance's CBS News plans.