FCC approves Paramount–Skydance merger
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The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.
With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.
On 'Daily Variety' podcast, Skydance Media's overtures accelerate FCC approval of Paramount Global deal; Why Steve Stoute is Music Mogul of the Year.
FCC Commissioner Anna Gomez has issued a scathing statement of dissent following the approval of the Paramount and Skydance Media deal on Thursday, noting the merger marks a “direct violation of the first amendment.”