Skydance Paramount Deal Approved But Drama Just Beginning
1. FCC approved Skydance's purchase of Paramount Global after two years of struggle. 2. Skydance must ensure diverse viewpoints in CBS's news and entertainment content. 3. FCC's approval is expected to trigger $1.5 billion in spending to enhance Paramount. 4. Corporate restructuring in media may lead to potential spin-offs of Paramount's networks. 5. Political turbulence surrounding Trump could impact CBS's reporting and broadcasting decisions.