FCC approves Skydance's $8 billion Paramount acquisition
Regulators won't stand in the way of Skydance's Paramount acquisition. The Federal Communications Commission has approved the $8 billion purchase of Paramount Global and its subsidiaries, including the parent company of CBS Network. In a statement, FCC Chairman Brendan Carr said he welcomes "Skydance’s commitment to make significant changes at the once storied CBS broadcast network." Skydance, he said, has made written commitments to ensure that its "news and entertainment programming will embod