FCC approves Paramount–Skydance merger
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The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.
FCC Chairman Brendan Carr was asked to respond to criticisms of the Trump administration's intervention in the free press.
With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.
Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.