Brian Wieser, Principal at Madison & Wall, discusses the Skydance-Paramount deal gaining FCC approval.
Paramount Global’s merger with Skydance Media was approved by the US Federal Communications Commission, which backed the deal after the Trump administration extracted concessions on the news and entertainment company’s political coverage and diversity practices.
As part of the accord, Skydance vowed to ensure that the new company’s programming embodies a diversity of viewpoints from across the political and ideological spectrum, FCC Chairman Brendan Carr said Thursday in a statement. Paramount will employ an ombudsman for two years to evaluate complaints of bias.
“I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network,” Carr said in the statement. FCC members voted 2-1 to approve the deal, with Democrat Anna Gomez opposing.
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