FCC Approves Deal Between Paramount and Skydance, Merger to be Completed

The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

“Americans no longer trust the legacy national news media to report fully, accurately, and fairly,” FCC Chair Brendan Carr said in a statement. “It is time for a change. That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network.”

Read more at CBS News