FCC clears Paramount, Skydance merger
Digest more
Hours after announcing the approval of Skydance’s merger with Paramount, FCC Chairman Brendan Carr touted the company’s commitment to “addressing bias & restoring fact-based reporting” at CBS News, among other things.
The signoff on the deal, which could close next month, follows Paramount’s settlement of a Trump lawsuit.
In a statement accompanying the deal's approval, Trump-appointed FCC Chairman Brendan Carr hailed the merger as an opportunity to bring more balance to the “once-storied” CBS network. “Americans no longer trust the legacy national news media to report fully, accurately, and fairly. It is time for a change," Carr said.
On 'Daily Variety' podcast, Skydance Media's overtures accelerate FCC approval of Paramount Global deal; Why Steve Stoute is Music Mogul of the Year.
Brendan Carr, FCC Chairman, joins CNBC's 'Squawk on the Street' to respond to allegations that the Trump Administration pressured Paramount into a settlement agreement before approving a merger with Skydance.