FCC approves Paramount–Skydance merger
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The Federal Communications Commission cleared the way Thursday for an $8 billion merger between Paramount and Skydance Media.
The merger clears the way for an $8.4 billion sale of some of the most prominent names in entertainment, including CBS, Paramount, and Nickelodeon.
FCC Commissioner Anna Gomez issued a scathing statement of dissent following the FCC's approval of the Paramount and Skydance Media merger on Thursday
FCC Chairman Brendan Carr praised Skydance Media’s commitment to hire an ombudsman for CBS News after it completes its merger with Paramount Global. The commitment was outlined in a filing with the FCC this week.
Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.