FCC OKs $8B Paramount Skydance Merger
The FCC approval of the Paramount-Skydance merger actually finalized on Thursday, and this clears the way for the $8 billion acquisition after more than 250 days of review. The Federal Communications Commission voted 2-1 to approve this major media industry consolidation, which now enables Skydance Media to complete its takeover of Paramount Global within the coming weeks. CBS Faces DEI Ban as Chris McCarthy Exits in $8B Skydance Deal FCC approval breaking news – Source: NBC The Chris McCarthy resignation has become official as the Paramount co-CEO announced his departure following the FCC Paramount Skydance merger completion. McCarthy, who’s been with the company for 22 years, actually exercised change-of-control provisions rather than accept a reduced role under David Ellison’s leadership. The CBS DEI ban represents one of the key merger conditions right now. FCC Chairman Brendan Carr stated that Skydance committed to eliminating all diversity programs at the combine...