FCC Approves Paramount-Skydance Deal
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FCC chairman Brendan Carr praised Skydance Media's commitment to hire an ombudsman for CBS News after it completes its merger with Paramount Global.
14hon MSN
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.
Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.
Brendan Carr discussed media course correction following Colbert's show cancellation and criticizes partisan content, highlighting Skydance's CBS News plans.
The settlement came amid a pending merger with CBS parent company Paramount and Skydance, which requires administration approval. Colbert blasted the network for settling with Trump in what he deemed a “nuisance lawsuit” in a monologue on his show prior to being given the axe.