FCC approves Paramount, Skydance merger
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Stephen Colbert, CBS and The Late Show
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A fter finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.
Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.
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Skydance to Eliminate DEI at Paramount, Appoint CBS News Ombudsman to Review ‘Complaints of Bias’
As Skydance looks to close its $8 billion merger for Paramount, the David Ellison-led studio has sent new letters to the FCC, committing to the appointment of an ombudsman at CBS News and to eliminate the media giant’s diversity, equity and inclusion initiatives.
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Paramount and Skydance merger approved and Trump visits Powell at Federal Reserve: Morning Rundown
Plus, Hulk Hogan, the pro wrestler who brought the sport to new heights of mainstream popularity, died at the age of 71.
President Donald Trump said Paramount's soon-to-be new owners Skydance agreed to an additional $20 million payment on top of the company's $16 million settlement of CBS' "60 Minutes" lawsuit, to be paid in the form of public service announcements and other programming.
Show' host's comments came shortly before it was announced that CBS has canceled 'The Late Show With Stephen Colbert.'
CBS News has been dogged for decades by allegations of liberal bias, with the controversies over its coverage decisions intensifying over the last year.
Liberal lawmakers asked David Ellison, chief executive of Skydance Media, which is set to merge with CBS owner Paramount, about alleged promises on conservative ad content.