Skydance Media, Paramount
Digest more
The Federal Communications Commission announced on Thursday the approval of a massive, $8 billion acquisition of Paramount Global by Skydance Media.
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 a long, complicated slog toward Thursday’s FCC approval, Paramount Global and Skydance Media will now face a number of tricky questions in becoming one company. While the $8 billion-plus transaction will need a few more days to become official,
2dOpinion
Mediaite on MSNSkydance and Paramount Just Taught Media Companies How to Kneel to PowerCBS and Paramount bent to Trump's demands—gutting DEI, firing Colbert, and offering ad deals—just to close a merger. It's a dangerous precedent for the media.