FCC approves Paramount, Skydance merger
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The corporate change comes as Skydance and Paramount wait for the FCC to greenlight their $28 billion merger. The companies’ concessions on DEI will likely convince the agency to approve the deal.
The incoming owners plan to hire an ombudsman "who will receive and evaluate any complaints of bias or other concerns" at CBS News.
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Federal government regulators approve an $8 billion merger between Paramount and Skydance. Jerome Powell pushes back during Donald Trump’s visit to the Federal Reserve’s headquarters. And the woman behind the viral “Jet2 holiday” soundbite is surprised at its popularity.
Employees of Paramount Global have been through the wringer over the last year and a half. And the uncertainty hanging over their heads is far from over. After M&A talks with Skydance Media that started in late 2023 whipped back and forth,