FCC approves $8 billion Paramount-Skydance merger

Group 1 - The Federal Communications Commission has approved an $8 billion merger between Paramount and Skydance Media, which includes CBS, Paramount Pictures, and Nickelodeon [1] - The merger was initially announced over a year ago and is seen as a significant development in the media industry [1] - Brendan Carr, chairman of the FCC, emphasized the need for change in the national news media and welcomed Skydance's commitment to diversify programming at CBS [2] Group 2 - Skydance has made written commitments to ensure that the new company's programming will reflect a variety of viewpoints across the political and ideological spectrum [2]