The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

Former CBS News anchor Connie Chung criticized Paramount Global's merger with Skydance Media for eliminating "unbiased" journalism at her old network.

In just under two weeks, Paramount Global will complete its merger with the smaller Skydance Media to form “ Paramount Skydance Corp.” — and bring a rollercoaster M&A ride to its conclusion. The FCC cleared the Skydance-Paramount deal Thursday, removing the last regulatory obstacle.

After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.

Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.

Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.

Following a near two-and-a-half-year hiatus, the premiere episode shows a naked Trump trying to seduce Satan, and came a day after the show's creators Trey Parker and Matt Stone had reached a $1.5 billion streaming deal with Paramount.

Now that David Ellison's Skydance has secured the keys to Paramount Global, what toys await him inside the company's intellectual property chest? After a nail-biting federal approval process that inspired backlash,

The merger won approval from U.S. regulators, clearing the way for a sale that evolved into a clash over press freedom in the era of President Donald Trump.

This week, 'South Park,' Jon Stewart and Stephen Colbert all savaged the same (tiny?) thing as the company faces an uprising over its small-minded handling of its legacy properties.

Senior Senator Ron Wyden (D-Ore.) - soon to be the longest-serving senator in Oregon history - is back in the state for the summer recess and for a series of town halls this weekend.