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3d ago

Colbert Mocks Paramount-Skydance Merger as FCC Clears $8.4 Billion Deal

The deal’s condition to appoint a media-bias ombudsman has fueled Stephen Colbert’s late-night ridicule following his show’s cancellation.

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Canceled Colbert Rips on Paramount With Stream of Pee Jokes

Overview

  • The FCC approved Paramount’s $8.4 billion sale to Skydance under requirements to install a media-bias ombudsman and dismantle core DEI programs at CBS.
  • Paramount and Skydance will switch their combined stock ticker from PARA to PSKY when the merger closes.
  • Paramount settled a defamation lawsuit with President Trump for over $16 million and then canceled The Late Show with Stephen Colbert, blaming financial losses.
  • On air, Colbert unleashed a barrage of pee jokes and barbs at FCC Chair Brendan Carr to lampoon the merger, settlements and mass layoffs.
  • With the merger set to close imminently, questions persist over profit-driven programming choices, political influence in journalism and editorial independence.