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FCC Approves $8 Billion Paramount-Skydance Merger in 2-1 Vote Despite First Amendment Dissent

Approval hinges on the FCC’s imposition of editorial oversight over CBS

FILE PHOTO: Paramount Global and Skydance logos are seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • The Federal Communications Commission backed the deal with Chair Brendan Carr and Commissioner Olivia Trusty voting in favor and Commissioner Anna M. Gomez dissenting
  • Skydance and Paramount must appoint a two-year ombudsman to handle bias complaints at CBS and conduct a comprehensive post-merger network review
  • The companies agreed to eliminate existing diversity, equity and inclusion initiatives to satisfy the FCC’s conditions
  • Gomez argued that mandating newsroom controls and editorial oversight amounts to a direct violation of the First Amendment
  • The merger follows Paramount’s $16 million settlement of President Trump’s lawsuit over a 2024 CBS interview, a move Gomez called a brokered “payout” to secure FCC approval