FCC approves Paramount’s $8 billion deal with Skydance, capping months of turmoil
Summary
Federal regulators have approved an $8 billion merger between Paramount and Skydance. The Federal Communications Commission (FCC) gave its approval after Paramount settled a legal issue with President Trump by paying $16 million.Key Facts
- Paramount and Skydance are merging in an $8 billion deal.
- The Federal Communications Commission approved the merger.
- Paramount settled a legal issue with President Trump by paying $16 million.
- Critics see the settlement as a possible attempt to influence Trump.
- CBS canceled Stephen Colbert's "Late Show" shortly after the settlement.
- The FCC Chairman commented that the merger could improve CBS's balance.
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