US FCC clears way for $8 billion Paramount-Skydance merger

The merger of Paramount Global and Skydance Media got approval from the U.S. Federal Communications Commission. The sale is worth $8.4 billion. It includes CBS, Paramount Pictures, and Nickelodeon. Paramount settled a lawsuit with Donald Trump. Skydance pledged unbiased journalism. It will appoint an ombudsman. Paramount ended diversity initiatives. David Ellison will lead the new Paramount.