7 months ago
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A merger between Paramount Global and Skydance Media has been formally approved by the Federal Communications Commisison, following months of uncertainty.
The $8.4 billion deal was formally approved by the Trump administration Thursday, after FCC commissioners voted 2-1 along party lines.
It means that Skydance will take control of Paramount in the coming weeks.
Earlier this week Skydance told the Trump administration that it would eliminate diversity, equity and inclusion policies and hire an ombudsman to review “complaints of bias” at CBS News once the merger has been completed.
In a pair of letters to FCC Chairman Brendan Carr, Skydance’s general counsel Kyoko McKinnon noted that while Skydance “does not have DEI programs in place today,” the company confirmed that the New Paramount would not establish any similar practices in the future.
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