The Federal Communications Commission has approved the merger of Paramount Global and Skydance Media, valued at around $8 billion, allowing the deal to close after more than a year of deliberation. David Ellison of Skydance is set to lead the merged company. The approval happened via a 2-1 vote, with dissent from Anna Gomez, who criticized the process as a capitulation to the Trump administration, alleging an erosion of press freedom and overreach by the FCC into employment matters and newsroom decisions.
The merger of Paramount Global and Skydance Media, valued at approximately $8 billion, received approval from the Federal Communications Commission, paving the way for imminent completion.
The FCC's decision was a contentious 2-1 vote, with dissent from Democratic commissioner Anna Gomez, who criticized the approval process for undermining press freedom.
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