FCC clears Paramount, Skydance merger
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Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.
Hours after announcing the approval of Skydance’s merger with Paramount, FCC Chairman Brendan Carr touted the company’s commitment to “addressing bias & restoring fact-based reporting” at CBS News, among other things.
Skydance needs FCC approval in order to take over Paramount. It’s now promising to root out “bias” at CBS News in order to get it.
Skydance has made fresh promises to the Federal Communications Commission as it looks to fast-track its merger with Paramount – including a pledge to scrap DEI policies at CBS News and appoint an ombudsman to root out media bias at the network.
The signoff on the deal, which could close next month, follows Paramount’s settlement of a Trump lawsuit.
On 'Daily Variety' podcast, Skydance Media's overtures accelerate FCC approval of Paramount Global deal; Why Steve Stoute is Music Mogul of the Year.
Brendan Carr, FCC Chairman, joins CNBC's 'Squawk on the Street' to respond to allegations that the Trump Administration pressured Paramount into a settlement agreement before approving a merger with Skydance.