Paramount's merger with Skydance approved
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David Letterman blasts CBS and Skydance 'goons'
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The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media
After an intense, scandal-plagued acquisition, here's what David Ellison gets in Skydance's acquisition of Paramount Global.
The Federal Communications Commission approved Skydance Entertainment’s merger with Paramount Global on Thursday, clearing the way for the more than $8 billion deal to close and ending a multiyear saga with enough plot twists for a soap opera.
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As Skydance looks to close its $8 billion merger for Paramount, the David Ellison-led studio has sent new letters to the FCC, committing to the appointment of an ombudsman at CBS News and to eliminate the media giant’s diversity, equity and inclusion initiatives.
Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.
Skydance’s general counsel, Stephanie Kyoko McKinnon, noted that the FCC, in evaluating Comcast’s proposed acquisition of NBCUniversal in 2011, found that an ombudsman was a “mechanism effective in preventing editorial bias in the operation of the NBC broadcast network.”
Skydance committed to removing DEI programs and establishing a bias complaint system at CBS News as it seeks FCC approval for Paramount merger.
Tanya Simon has been named the executive producer of 60 Minutes, taking the helm of the CBS News broadcast amid the aftermath of Paramount Global’s settlement with Donald Trump and the pending merger with Skydance media.