FCC approves Paramount’s $8B deal with Skydance
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Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.
By David Shepardson WASHINGTON (Reuters) -President Donald Trump and the Federal Communications Commission have vowed to force American broadcast media outlets to make significant changes. CBS may be just the beginning.
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.
FCC Chairman Brendan Carr said Thursday he was “pleased” with commitments from Skydance Media to reform CBS, as the agency nears a decision on the $8 billion Paramount merger. Skydance submitted a letter this week pledging to hire an ombudsman to address complaints of media bias and to present “a diversity of viewpoints” on CBS
The US FCC has approved the merger of Paramount Global and Skydance Media. This deal transfers control of CBS, Paramount Pictures and other networks to Skydance. The approval follows a settlement in a lawsuit filed by Donald Trump.
Skydance committed to removing DEI programs and establishing a bias complaint system at CBS News as it seeks FCC approval for Paramount merger.
Paramount Global’s co-CEOs told employees Friday that they expect an August 7 closing date for the company’s merger with Skydance, praising staffers’ efforts during the grueling process of getting the deal done.