Paramount, Skydance Win Merger Approval, Set Aug. 7 Closing Date

Paramount Global’s merger with Skydance Media was approved by the US Federal Communications Commission, which backed the deal after the Trump administration extracted concessions on the news and entertainment company’s political coverage and diversity practices.

As part of the accord, Skydance vowed to ensure that the new company’s programming embodies a diversity of viewpoints from across the political and ideological spectrum, FCC Chairman Brendan Carrsaid Thursday in a statement. Paramount will employ an ombudsman for two years to evaluate complaints of bias.

FCC Chairman Brendan Carr

Photographer: Kent Nishimura/Bloomberg

“I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast ...