FCC clears Paramount, Skydance merger
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FCC Chairman Brendan Carr was asked to respond to criticisms of the Trump administration's intervention in the free press.
"[Brendan] Carr can't justify his actions ... because the FCC meddling in broadcasters' content is illegal too," the foundation's director of advocacy says
The FCC, led by Brendan Carr, said that it approved the transfer of the company's broadcast licenses to Skydance and David Ellison.
2don MSN
Federal regulators on Thursday approved Paramount's $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue. The stamp of approval from the Federal Communications Commission comes after months of turmoil revolving around President Donald Trump’s legal battle with “60 Minutes,
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Mediaite on MSNTrump FCC Brendan Carr Defends Pressure Campaign on Media Corporations: ‘Time for a Change’Brendan Carr defended new Skydance-Paramount newsroom oversight, saying it's “time for a change” and aims to restore trust in media and unwind DEI policies. The post Trump FCC Brendan Carr Defends Pressure Campaign on Media Corporations: ‘Time for a Change’ first appeared on Mediaite.
But the agreement came with one major caveat: The media company must appoint a “bias monitor.” According to reporting from The Wrap, an FCC “ombudsman” would work directly with New Paramount’s president, Jeff Shell, to review “any complaints of bias or other concerns” regarding CBS News, a subsidiary under Paramount.
In just under two weeks, Paramount Global will complete its merger with the smaller Skydance Media to form “ Paramount Skydance Corp.” — and bring a rollercoaster M&A ride to its conclusion. The FCC cleared the Skydance-Paramount deal Thursday, removing the last regulatory obstacle.