The Federal Communications Fee on Thursday accepted the merger between Paramount International and Skydance Media, clearing the way in which for an $8.4 billion sale of a number of the most outstanding names in leisure, together with the CBS broadcast tv community, Paramount Footage, and the Nickelodeon cable channel.
The FCC agreed to switch broadcast licenses for 28 owned-and-operated CBS tv stations to the brand new homeowners after Paramount paid $16 million to settle a lawsuit filed by President Trump over a “60 Minutes” interview with former Vice President Kamala Harris that aired in October.
Federal Communications Fee Chairman Brendan Carr has mentioned the company’s evaluate of the proposed merger was not related to the civil go well with.
The approval got here after Skydance and its funding companion, RedBird Capital, assured the FCC of their dedication to unbiased journalism that represents numerous viewpoints.
Skydance mentioned it will appoint an ombudsman to guage complaints of editorial bias or different considerations about CBS in an effort to advertise transparency and elevated accountability.
Paramount additionally eradicated its range, fairness, and inclusion initiatives to align with the Trump administration’s view that such affirmative motion insurance policies are discriminatory.
It is a growing story. Please examine again for updates.
