FCC Greenlights $8 Billion Paramount-Skydance Merger After Skydance Vows To End DEI Programs
1. FCC approved Skydance-Paramount merger valued at $8 billion. 2. Skydance will manage CBS, Paramount Pictures, and Nickelodeon. 3. DEI programs at Paramount will be halted under Skydance. 4. Skydance plans to inject $1.5 billion into Paramount operations. 5. FCC Chair supports Skydance's focus on diverse programming.