FCC Approves Paramount’s $8 Billion Merger Deal With Skydance

The Trump administration approved CBS parent company Paramount Global’s $8 billion merger with Skydance, Federal Communications Commission (FCC) Chairman Brendan Carr said on July 24. “The FCC has approved Skydance’s purchase of CBS after the company made significant new commitments on … addressing bias and restoring fact-based reporting, ending discriminatory [diversity, equity, and inclusion practices], [and] investing in trusted local news,” Carr wrote in a post on X. The FCC chairman said the changes would “represent an important step towards earning back Americans’ trust” in the media conglomerate, and warned Paramount’s new owner that his agency “Will be watching.” In an extended statement attached to his X post, Carr wrote that “Americans no longer trust the legacy national news media to report fully, accurately, and fairly.”...