Skydance Media, Paramount Pictures
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Hours after announcing the approval of Skydanceâs merger with Paramount, FCC Chairman Brendan Carr touted the companyâs commitment to âaddressing bias & restoring fact-based reportingâ at CBS News, among other things.
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The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming âsignificant changes,â are coming to the CBS owner.
WASHINGTON (Reuters) -President Donald Trump and the Federal Communications Commission have vowed to force American broadcast media outlets to make significant changes. "President Trump is fundamentally reshaping the media landscape,
The pending merger between Paramount Global and Skydance Media was formally approved by the Trump administration on Thursday, concluding months of regulatory uncertainty.
FCC chairman Brendan Carr praised Skydance Media's commitment to hire an ombudsman for CBS News after it completes its merger with Paramount Global.
Skydance Media offered olive branches to the Federal Communications Commission in order to secure approval for its $8 billion acquisition of Paramount Global, and those overtures achieved the desired result.
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