FCC approves Skydance-Paramount merger
Summary
The Federal Communications Commission (FCC) approved Skydance's $8 billion purchase of Paramount Global, concluding a closely watched regulatory process. The approval was given by a 2-1 vote, with one commissioner dissenting. Skydance has promised to make changes at CBS, including ensuring diverse viewpoints in programming.Key Facts
- The FCC approved Skydance's acquisition of Paramount Global for $8 billion.
- The approval vote was 2-1, with commissioner Anna Gomez voting against it.
- Skydance plans to make changes at CBS to include diverse political and ideological viewpoints.
- Skydance promised not to have diversity, equity, and inclusion (DEI) programs but will invest in local news.
- Some Democrats criticized the approval, linking it to influence from the Trump administration.
- Paramount settled with Donald Trump for $16 million, which helped in getting the FCC's approval.
- Paramount co-CEO Chris McCarthy will leave the company once the merger is complete.
- Paramount has already rolled back some DEI policies earlier this year.
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