FCC approves $8 billion Paramount-Skydance merger
Publishing timestamp: 2025-07-24 21:59:40
Summary
FCC clears $8 billion merger between Paramount and Skydance, with significant changes expected at CBS. Paramount chair to depart board, National Amusements selling controlling stake. Decision not unanimous, with dissent over recent payment to settle suit brought by President Trump against CBS. Timing of cancellation of "The Late Show with Stephen Colbert" questioned, prompting calls for investigation into potential political pressure.
Sentiment: MIXED
Tickers: PARA,
Keywords: donald trump, business news, business, television, donald j. trump, media, breaking news: business, paramount global,
Source: https://www.cnbc.com/2025/07/24/fcc-approves-8-billion-paramount-skydance-merger.html