FCC Approves Paramount-Skydance Deal
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The $8 billion deal's green light comes after CBS reached a $16 million settlement with Donald Trump over his lawsuit against "60 Minutes"
Skydance separately promised to appoint a CBS News ombudsman to 'promote transparency and increased accountability' at CBS News. Skydance CEO David Ellison also has met with center-right journalist Bari Weiss.
More than a year after Skydance Media and its partners clinched a deal with Shari Redstone and Paramount Global to merge the companies, the FCC has yet to act on an application to approve the transfer of CBS licenses to the new ownership.
Skydance Media CEO David Ellison met with FCC chairman Brendan Carr and other agency staffers this week to discuss the pending regulatory decision on the company’s merger with Paramount Global, where topics included news coverage.