FCC greenlights $8.4B sale of CBS parent Paramount to Skydance after Trump suit settled, DEI axed

The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment, including the CBS broadcast television network, Paramount Pictures, and the Nickelodeon cable channel.The FCC agreed to transfer broadcast licenses for 28 owned-and-operated CBS television stations to the new owners after Paramount paid $16 million to settle a lawsuit filed by President Trump over a ...