FCC approves Paramount, Skydance merger
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U.S. federal regulators on Thursday approved Paramount's $8-billion US merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue.
With the FCC having cleared the Skydance Media-Paramount merger, Paramount Global co-CEO Chris McCarthy will leave the company, a company source confirmed to Variety.
After the FCC approved Paramount Global's merger with Skydance, several pressing questions will confront the management of the combined company.
2hon MSN
Federal regulators on Thursday approved Paramount’s $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue.
The episode premiered less than two days after Paramount reached a $1.5 billion streaming deal with “South Park” creators Trey Parker and Matt Stone.
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Skydance has emphasized that the commitments are voluntary. Previously, Skydance and Paramount had argued against conditions imposed by the FCC to mandate benchmarks for viewpoint neutrality, saying that they would be “squarely foreclosed by the First Amendment and Supreme Court precedent.”