The pending merger between Paramount Global and Skydance Media was formally approved by the Trump administration on Thursday, concluding months of regulatory uncertainty.
FCC commissioners voted 2-1 along party lines to give the $8 billion deal a green light. The approval means that Skydance CEO David Ellison can complete the deal and take control of Paramount in the coming weeks.
The usually lengthy merger review process was pockmarked by allegations of political interference stemming from President Trump’s scathing criticism of Paramount’s CBS News division.
In recent days Paramount’s owners-in-waiting agreed to hire an ombudsman at CBS and pledged not to implement any new DEI policies.
Those commitments, as well as pledges relating to local content, were crucial for FCC chair Brendan Carr, who has reshaped the historically independent agency in Trump’s media-bashing image.