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The U.S. Federal Communications Commission (FCC) approved Paramount Global's $8 billion merger with Skydance Media on Thursday by a 2-1 vote, as Democratic commissioner Anna Gomez dissented.

The U.S. Federal Communications Commission (FCC) approved Paramount Global's $8 billion merger with Skydance Media on Thursday by a 2-1 vote, as Democratic commissioner Anna Gomez dissented.

Skydance committed to eliminating all diversity, equity and inclusion initiatives at the company and appointing an ombudsman at CBS News to monitor for media bias for at least two years.

Skydance committed to eliminating all diversity, equity and inclusion initiatives at the company and appointing an ombudsman at CBS News to monitor for media bias for at least two years.

The merger gives Skydance control of CBS broadcast network, Paramount Pictures, Paramount+ streaming service, and cable channels including MTV, Comedy Central and Nickelodeon.

The merger gives Skydance control of CBS broadcast network, Paramount Pictures, Paramount+ streaming service, and cable channels including MTV, Comedy Central and Nickelodeon.

David Ellison will become CEO of the combined company, while former NBCUniversal CEO Jeff Shell will serve as president. Shari Redstone will exit and receive $1.75 billion in cash.

The New York Times

David Ellison will become CEO of the combined company, while former NBCUniversal CEO Jeff Shell will serve as president. Shari Redstone will exit and receive $1.75 billion in cash.

The approval came three weeks after Paramount settled President Donald Trump's lawsuit for $16 million over a <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2024/harris-defends-border-policies-amid-criticism">60 Minutes interview with former Vice President Kamala Harris</a> that aired in October.

The Associated Press

The approval came three weeks after Paramount settled President Donald Trump's lawsuit for $16 million over a 60 Minutes interview with former Vice President Kamala Harris that aired in October.

CBS announced the <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2025/cbs-cancels-stephen-colberts-late-show-amid-trump-settlement">cancellation of The Late Show</a> with Stephen Colbert last week, citing financial reasons, as the show reportedly lost $40 million annually on a $100 million budget.

CBS announced the cancellation of The Late Show with Stephen Colbert last week, citing financial reasons, as the show reportedly lost $40 million annually on a $100 million budget.

The Hollywood Reporter #

Axios #

FOX News #

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Daily Caller #

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Metaculus #

The approval came three weeks after Paramount settled President Trump's lawsuit for $16 million over a 60 Minutes interview with former Vice President Kamala Harris that aired in October.</span

The Associated Press #

The approval came three weeks after Paramount settled President Trump's lawsuit for $16 million over a 60 Minutes interview with former Vice President Kamala Harris that aired in October.

Skydance committed to eliminating all diversity, equity and inclusion initiatives at the company and appointing an ombudsman at CBS News to monitor for media bias for at least two years.</span

The merger gives Skydance control of CBS broadcast network, Paramount Pictures, Paramount+ streaming service, and cable channels including MTV, Comedy Central and Nickelodeon.</span

David Ellison will become CEO of the combined company while former NBCUniversal CEO Jeff Shell will serve as president, with Shari Redstone exiting and receiving $1.75 billion in cash.</span

The New York Times #

David Ellison will become CEO of the combined company while former NBCUniversal CEO Jeff Shell will serve as president, with Shari Redstone exiting and receiving $1.75 billion in cash.

CBS announced the cancellation of The Late Show with Stephen Colbert last week, citing financial reasons as the show was reportedly losing $40 million annually on a $100 million budget.</span

CBS announced the cancellation of The Late Show with Stephen Colbert last week, citing financial reasons as the show was reportedly losing $40 million annually on a $100 million budget.

The FCC approval represents a dangerous erosion of press freedom through unprecedented government interference in newsroom decisions. Paramount's $16 million settlement with Trump appears to be a payoff to secure regulatory approval, while the Colbert cancellation demonstrates corporate capitulation to political pressure that undermines editorial independence.

The FCC approval represents a dangerous erosion of press freedom through unprecedented government interference in newsroom decisions. Paramount's $16 million settlement with Trump appears to be a payoff to secure regulatory approval, while the Colbert cancellation demonstrates corporate capitulation to political pressure that undermines editorial independence.

Federal regulators approve Paramounts $8 billion deal with Skydance, capping months of turmoil

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FCC Approves $8B Skydance-Paramount Merger After Settlement

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United States of America

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This merger is a necessary change for a struggling media landscape where Americans have lost trust in biased legacy news outlets. Skydance's commitments to eliminate discriminatory DEI programs and ensure fair, fact-based reporting will help restore credibility to CBS News. The $1.5 billion capital injection will strengthen operations and enhance local news coverage that serves the public interest.

This merger is a necessary change for a struggling media landscape where Americans have lost trust in biased legacy news outlets. Skydance's commitments to eliminate discriminatory DEI programs and ensure fair, fact-based reporting will help restore credibility to CBS News. The $1.5 billion capital injection will strengthen operations and enhance local news coverage that serves the public interest.

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The FCC approval highlights a dangerous erosion of press freedom through unprecedented government interference in newsroom decisions. Paramount's $16 million settlement with Trump appears to be a payoff to secure regulatory approval, while the cancellation of Colbert's show demonstrates corporate capitulation to political pressure that undermines editorial independence.

The FCC approval highlights a dangerous erosion of press freedom through unprecedented government interference in newsroom decisions. Paramount's $16 million settlement with Trump appears to be a payoff to secure regulatory approval, while the cancellation of Colbert's show demonstrates corporate capitulation to political pressure that undermines editorial independence.

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There's a 75% chance that the White House will revoke the media credentials of reporters from two media outlets before 2026, according to the Metaculus prediction community.

There's a 75% chance that the White House will revoke the media credentials of reporters from two media outlets before 2026, according to the Metaculus prediction community.

FCC Approves $8B Skydance-Paramount Merger After Settlement

FCC Approves $8B Skydance-Paramount Merger After Settlement

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FCC Approves $8B Skydance-Paramount Merger After Settlement

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