Paramount, Skydance Media
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The Federal Communications Commission announced on Thursday the approval of a massive, $8 billion acquisition of Paramount Global by Skydance Media.
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Skydance said this week it planned to add an ombudsman who would review “any complaints of bias” and end diversity, equity and inclusion programs targeted by the Trump administration.
With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, 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.