Skydance, CBS and FCC
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Chairman Brendan Carr thinks his agency should strive to ensure that news coverage is fair and balanced—a role precluded by the First Amendment.
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.
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Shares of Paramount are set to open higher Friday after long-awaited FCC approval for its merger erased a big question mark hovering over the company's future, but amid ongoing uncertainty about its strategic plans under Skydance Media.
Fresh off a long-awaited government approval, Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) and Skydance Media have set Aug. 7 to close their planned merger. Late Thursday, the Federal Communications Commission announced its agreement with certain license transfers that amounted to Trump administration approval of Skydance's $8B Paramount buyout
The $8 billion deal is expected to close Thursday, Aug. 7, Paramount said Friday. First announced on July 7, 2024, the deal will bring together Paramount Global’s CBS, Paramount+, Paramount Pictures, Comedy Central, BET and more with Skydance’s film, animation and games production businesses.
The Trump administration approved the sale of CBS' parent company Paramount to Skydance. Puck founding partner Matthew Belloni joins Katy Tur to explain more on the details of this $8 billion merger and to react to "South Park" making fun of Trump and Paramount.
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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.