CBS, FCC and Skydance
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The cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges.
More than a year after Skydance Media and its partners clinched a deal with Shari Redstone and Paramount Global to merge the companies, the FCC has yet to act on an application to approve the transfer of CBS licenses to the new ownership.
The Federal Communications Commission approved the sale of Paramount Global after the buyer made pledges to showcase a diversity of viewpoints and root out alleged bias in CBS' news coverage.
The chairman of the FCC says the merger will ‘enable CBS to operate in the public interest and focus on fair, unbiased, and fact-based coverage.’
The US FCC has approved the merger of Paramount Global and Skydance Media. This deal transfers control of CBS, Paramount Pictures and other networks to Skydance. The approval follows a settlement in a lawsuit filed by Donald Trump.
Brendan Carr says he's "pleased" with the David Ellison led-studio's commitment to appoint an ombudsman and end DEI at Paramount
Opinion
19don MSNOpinion
If it were, say, just a decade ago, cachet and power would be conferred on Skydance founder and CEO David Ellison, the soon-to-be chief of Paramount and its once-holy grail of TV news, CBS. Too bad it’s not 10 years ago.