The Federal Communications Commission on Thursday announced its approval of Skydance’s $8 billion acquisition of Paramount Global.
July 24 The Federal Communications Commission on Thursday announced its approval of Skydance’s $8 billion acquisition of Paramount Global, ending months of uncertainty surrounding the deal but inflaming allegations of corruption directed at the Trump administration.
The FCC voted 2-1 in favor of Skydance’s acquisition of Paramount and all of its subsidiaries, including Paramount Pictures, CBS television, Comedy Central and Nickelodeon.
Among the commitments Skydance made to the Trump administration was ensuring it will include news and entertainment programming that «will embody a diversity of viewpoints across the political and ideological spectrum» and that CBS News’ reporting «will be fair, unbiased and fact-based», according to the FCC.
Skydance has also pledged that it will not establish any diversity, equity and inclusion policies — ideology that seeks to create inclusive environments that the Trump administration has been seeking to remove from both public and private sectors on allegations of discrimination.
FCC Chairman Brendan Carr described the merger as a change that will instill public trust in media.
«It is time for a change», he said in a statement.
«That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network.»
Though the FCC said Skydance does not have any DEI programs, Carr said the agreement «marks another step forward in the FCC’s efforts to eliminate invidious forms of DEI discrimination.
