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2mo ago

FCC Chair Links DEI Policies to Merger Approval Decisions

Brendan Carr warns companies like Paramount and Verizon that maintaining diversity initiatives could jeopardize regulatory approval for mergers.

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WASHINGTON, DC - JUNE 24: Commissioner of Federal Communications Commission Brendan Carr testifies during a hearing before Senate Commerce, Science and Transportation Committee at Russell Senate Office Building June 24, 2020 in Washington, DC.
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Overview

  • FCC Chair Brendan Carr has stated that companies promoting 'invidious' DEI policies may face obstacles in gaining approval for mergers and acquisitions.
  • Major deals under review include Paramount's $8 billion merger with Skydance Media and Verizon's $9.6 billion acquisition of Frontier Communications.
  • Paramount has already scaled back its DEI initiatives, such as representation goals, following regulatory scrutiny.
  • Democratic lawmakers have criticized the FCC's actions as politically motivated and a potential threat to First Amendment protections.
  • The FCC is also investigating media companies and China-based firms for potential regulatory violations, broadening its scope beyond DEI policies.