FCC greenlights $8.4B sale of CBS parent Paramount to Skydance after Trump suit settled, DEI axed
1. FCC approved Paramount and Skydance Media's $8.4 billion merger. 2. The merger includes CBS, Paramount Pictures, and Nickelodeon channels. 3. Paramount paid $16 million to settle a lawsuit before the merger approval. 4. Skydance committed to unbiased journalism and will create an ombudsman position. 5. Paramount removed diversity initiatives, aligning with previous administration views.