The Federal Communications Commission has cleared the way for David Ellison’s Skydance to acquire Paramount Global.
The federal agency, led by Brendan Carr, said on Thursday that it approved the transfer of Paramount’s broadcast licenses to Skydance, the last hurdle in the review of the $8 billion deal.
With the FCC approving the transfer, Skydance will be able to complete its acquisition of Paramount in short order, transforming the media landscape as Ellison takes charge of the owner of CBS, the Paramount film studio, Paramount+ and cable channels like MTV, Comedy Central and Nickelodeon.
Skydance had previously committed to eliminating all diversity, equity and inclusion initiatives (DEI) at the company, and to hire an ombudsman at CBS News to monitor for media bias.
The Skydance deal has been a year in the making, with Skydance and its partner…
