The Paramount Global headquarters in New York, US, on Tuesday, Aug. 27, 2024.
Yuki Iwamura | Bloomberg | Getty Images
The Federal Communications Commission cleared the way Thursday for an $8 billion merger between Paramount and Skydance Media.
The deal, which was announced more than a year ago, includes the CBS broadcast television network, Paramount Pictures and the Nickelodeon channel.
“Americans no longer trust the legacy national news media to report fully, accurately, and fairly,” Brendan Carr, chairman of the Federal Communications Commission, wrote in a statement Thursday. “It is time for a change. That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network.”
Carr noted that Skydance had made written commitments to ensure the new company’s programing would have a diversity of viewpoints across the political and ideological spectrum.
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