The Federal Communications Commission approved a merger between Paramount Global and Skydance Media on Thursday to sell $8.4 billion for some of the most outstanding names in entertainment, including the CBS Radio and Television Network, Paramount Picturesand Nickelodeon cable channel.
The FCC agreed to transfer broadcast licenses from 28 owned and operated CBS TV stations to new owners after Paramount paid $16 million to resolve a lawsuit filed by Donald Trump in a 60-minute interview with former vice president Kamala Harris, which aired in October.
Federal Communications Commission Chairman Brendan Carr said the agency’s review of the proposed merger had nothing to do with civil litigation.
Skydance and its investment partner Redbird Capital assured the FCC their commitment to unbiased news, which represented a variety of perspectives and was therefore approved.
Skydance said it will appoint an ombudsman to assess complaints of editorial bias or other concerns from CBS to promote transparency and increase accountability.
Paramount has also eliminated its diversity, equity and inclusion initiatives to align with the Trump administration’s view of such an affirmative action policy as discriminatory.
Health & Wellness Contributor
A wellness enthusiast and certified nutrition advisor, Meera covers everything from healthy living tips to medical breakthroughs. Her articles aim to inform and inspire readers to live better every day.
