Overview

• Skydance will pay $8.4 billion for Paramount Global, bringing CBS, Paramount Pictures and Nickelodeon under its control.
• The FCC’s approval requires the elimination of diversity, equity and inclusion initiatives at the newly merged company.
• The merger agreement establishes a two-year internal ombudsman charged with overseeing journalistic neutrality.
• David Ellison is set to lead the combined entity, reflecting his family’s political and financial influence.
• FCC Chair Brendan Carr said the $16 million settlement with President Trump over a ‘60 Minutes’ segment did not influence the commission’s decision.