FCC Greenlights $ 8.4B Sales of CBS Paramount Paramount in Skydance after Trump Suit was set, Dei Axed

The Federal Communications Commission on Thursday gave the green light to the Union $ 8.4 billion between Paramount Global and Skydance Media – finally cleaning the way to a deal that had been cast by prejudice charges against CBS News.

The union, which is expected to be completed in the coming weeks, will give independent Skydance control of the CBS studio, Paramount Pictures, Paramount+ Streaming service, as well as cable channels that include MTV, Nickelodeon and Comedy Central.

“We will celebrate now,” said a source close to Skydance for The Post. “We have all been beaten. Just extracted, but it was well worth it. The next step is to close the deal early until August 7th.”

The approval by FCC, headed by President Trump Brendan Carr, comes three weeks after Paramount paid $ 16m to repay a lawsuit filed by Trump for a “60-minute” interview with former Vice-President Kamala Harris broadcasting in October.

Help to seal FCC’s finger finger, with a 2-1 vote, were guarantees by Skydance David Ellison’s general director, the son of billionaire Oracle Larry Ellison, and Redbird Capital investment partner for their impartial journalism representing different views.

Skydance said he would appoint an ombudsman to evaluate complaints of editorial prejudice or other concerns about CBS in an effort to promote transparency and increase responsibility.

Paramount also eliminated his diversity, equality and his involvement initiatives to approximate the Trump administration’s view that such affirmative action policies are discriminatory.

“Americans no longer trust Legacy National News Media to report completely, accurately and fairly,” Carr wrote in a statement on Thursday.

“Is time for a change. That is why I welcome Skydance’s commitment to make significant changes to the CBS transmission network once.”

Both Skydance and Paramount refused to comment after the news was notified late Thursday.
Heiress Media Shari Redstone, the Global Paramount Global Auditor, is set to receive $ 1.75 billion in front after the deal closes and it will come out of the board of directors of the United Enterprise.

FCC approval to transfer broadcast licenses to 28 CBS television stations owned by new owners of new owners comes a week after CBS canceled “The Late Show with Stephen Colbert”, calling it “just a financial decision”.

The most valued night show was reported to have lost approximately $ 40 million a year.

Trump had sued Paramunt for $ 20 billion, claiming that Harris’s interview had been edited in order to intervene in the 2024 elections.

CBS denied any wrongdoing, but resolved the lawsuit to avoid a costly legal battle that could potentially hold its mega-reunion with Skydance.

Earlier this week, Trump said the solution was actually for $ 36 million, with new owners agreed to spend $ 20 million on public service ads on pro-Maga reasons.

“After months of the cowardly capitulation for this administration, Paramount finally received what he wanted,” FCC Democratic Commissioner Anna Gomez, said the opposing voter for the Union.

According to the agreement, Skydance -e which produced the hits of the block “Top Gun: Maverick” and “Mission: Impossible -the final calculation” and the Gerry Cardinal’s Redbird will buy the Redstone shares of Amusesents National, the owner of the majority of paramount.

Then, Skydance will join Paramount to become “Paramount Skydance Corp.” It will be controlled by the Ellison family but will remain publicly traded.

David Ellison will take over as chairman and chief executive, while Jeff Shell, a former -ceo of nbcuniversal, will grab the reins as president.

Redstone served as a paramount chair starting in 2019, when it reunited two family -controlled media companies, Viacom and CBS, which had been split for more than a dozen years.

At that time, the daughter of the late media Mogul Sumner Redstone hoped to better position the company to compete with the world’s entertainment giants.

Paramount has since poured billions of dollars in market appreciation as he fought to navigate an entertainment business set up by the broadcasting video revolution.