F.C.C. Approves Skydance’s $8 Billion Merger With Paramount
The deal, which came under intense scrutiny by the Trump administration, was hailed by the F.C.C. chief, who welcomed “significant changes” at CBS, a unit of Paramount.
The Federal Communications Commission said Thursday that it would allow Paramount to merge with the Hollywood studio Skydance, clearing the way for one of the most highly scrutinized media deals in the last decade.
Brendan Carr, the chairman of the F.C.C., said in a statement that the agency had approved the deal after receiving assurances from Skydance that the new company would be committed to unbiased journalism and would not establish programs related to diversity, equity and inclusion.
Timeline:
July 1: Paramount agrees to pay $16 million to settle Trump’s personal lawsuit against CBS.
July 22: Trump and Paramount dismiss the case, formalizing the settlement.
July 24: Trump-appointed FCC approves $8 billion Paramount merger.
https://t.co/TJi0Fbc9iY— Peter Baker (@peterbakernyt) July 24, 2025
NY Times article shared here >
p.s. July 17: CBS announces The Late Show with Stephen Colbert will be cancelled
