FCC Greenlights Paramount-Skydance Mega-Merger: A New Era in Entertainment

The FCC approved a merger between Paramount Global and Skydance Media, including CBS and Nickelodeon. Paramount settled a lawsuit with Donald Trump over a '60 Minutes' segment, influencing FCC review. Skydance ensures unbiased journalism, while eliminating DEI initiatives, fueling controversy from Democratic FCC Commissioner Anna Gomez.

The U.S. Federal Communications Commission approved the merger between Paramount Global and Skydance Media, paving the way for an $8.4 billion sale involving major entertainment entities like CBS and Nickelodeon.

The approval followed a settlement between Paramount and Donald Trump concerning a controversial '60 Minutes' interview with former Vice President Kamala Harris. Despite this, FCC Chairman Brendan Carr assured the merger's review remained independent of the lawsuit.

In the merger's wake, Skydance pledges unbiased journalism and diversity in programming, amid backlash over the removal of diversity initiatives, leading to dissent from FCC Commissioner Anna Gomez.

(With inputs from agencies.)