The FCC has officially approved the long-gestating merger between Paramount and Skydance.
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The Federal Communications Commission (FCC) on Thursday approved an $8 billion merger agreement between media behemoths Paramount and Skydance, a deal that has been overshadowed for months by President Trump’s lawsuit against CBS News and allegations of bribery by critics of the massive conglomerate.
The FCC announced its approval of the megamerger late Thursday, with FCC Chair Brendan Carr saying he welcomed “Skydance’s commitment to make significant changes at the once storied CBS broadcast network.”





