FCC, Skydance and Paramount
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The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming âsignificant changes,â are coming to the CBS owner.
When the FCC approved the Paramount-Skydance merger Thursday, one commissioner blasted the decision, calling it an act of â cowardly capitulation â on behalf of Paramount and warning that this could lead to a further âerosion of our First Amendment protections.â
Paramountâs Skydance merger brings fresh leadership, cost synergies, and asset monetization to fuel a turnaround and reduce leverage. Learn why PARA stock is a buy.
With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.
FCC Commissioner Anna Gomez issued a scathing statement of dissent following the FCC's approval of the Paramount and Skydance Media merger on Thursday