FCC approves Skydance's $8 billion Paramount acquisition

3 months ago 5

Regulators won't stand in the way of Skydance's Paramount acquisition. The Federal Communications Commission has approved the $8 billion purchase of Paramount Global and its subsidiaries, including the parent company of CBS Network. In a statement, FCC Chairman Brendan Carr said he welcomes "Skydance’s commitment to make significant changes at the once storied CBS broadcast network." Skydance, he said, has made written commitments to ensure that its "news and entertainment programming will embody a diversity of viewpoints across the political and ideological spectrum." He also said that Skydance has "committed that it will not establish" DEI programs.

"Americans no longer trust the legacy national news media to report fully, accurately, and fairly. It...

Source: https://www.engadget.com/entertainment/fcc-approves-skydances-8-billion-paramount-acquisition-032028104.html?src=rss

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