Media merger: CBS owner Paramount recorded a $ 8.4B deal with Skydance after settlement of the trial with Trump; New owners commit $ 20 MN for Prof. Maga advertisements

The US Federal Communications Commission (FCC) has officially approved the merger of $ 8.4 billion between Paramount Global and Skydance Media, clearing the final regulatory barrier for a deal that had faced the political and legally of the months. The merger will control some of the largest names of cable networks such as entertainment, CBS, Paramount Pictures, Paramount+ Streaming Services, and MTV, Nickelodian, and Comedy Central, supported by independent studio Skydance, billionaire David Alison and investment firm Redbird Capital. “We are now going to celebrate,” a source close to Skydance told the New York Post. “We are all beating. Just instigated, but it was well worth it. The next step is to close the deal on 7 August. , FCC’s decision was passed by 2–1 votes, Paramount paid $ 16 million to settle the trial filed by Donald Trump in a “60 minute” interview of 2020, with the then Vice President Kamla Harris, who claimed that the President was misleading in the 2024 election. While the CBS denied the allegation, he chose to compromise to avoid any delay from the merger. The FCC’s approval was important, with Oracle’s founder Larry Ellison’s son Alison’s assurances, and the new management of the Redbird Capital would ensure fair journalism in CBS. The New York Post reported that the company has promised to appoint an independent Lokpal to oversee complaints related to editorial impartiality and transparency. In a step seen as a politically accused, Paramount also abolished its diversity, equity and inclusion (DEI) initiative to align with the Tram administration, which argues for discrimination for discrimination. Brendon car, chairman of FCC, who appointed Trump, said, “Americans are no longer confident to report the Legacy National News Media completely, accurately and impartially.” “This is a time of change. That is why I once welcome Skidan’s commitment to make significant changes in the CBS broadcast network.” FCC Commissioner Anna Gomez, the only democratic vote against the deal, condemning the verdict, saying, cursually after months of captivation, after the month of captivalance, the paramount finally found what he wanted. , As part of the deal, Sherry Redstone, a controlled shareholder of paramount global, will receive $ 1.75 billion cash and will move from the company’s board. His departure marked the end of the direct influence of the Redstone family, built on the media empire, built on the Sumer Redstone. Skydance, Top Gun: Mavement and Mission: Known for the production of hits like Mavement and Mission: Impossible – The Final Recking, will merge with paramount to create “Paramount SkyDance Corp” The newly formed company will trade publicly but under the control of the Ellison family. David will work as the President and CEO, while former NBCNVarsal boss Jeff will become President. FCC also approved the transfer of 28 CBS -owned TV station licenses to the new company. The CBS came out shortly after the late show suddenly canceled with Stephen Colbert citing financial reasons. Despite the strong rating, the program was allegedly losing $ 40 million per year. Trump, who originally sued paramount for $ 20 billion, claimed that the actual settlement was close to $ 36 million. The new owners converted a $ 20 million to run the Pro-Maga public service advertisement. The merger is a dramatic twist point for paramount, which has fought with challenges of falling revenue in recent years and disintegration of streaming-era. Redstone initially reconciled CBS and Viacom in 2019 to strengthen the company’s competitive leg, but the rapidly changing media landscape proved to be difficult to navigate. Now with the sanctioned deal, all will be eyeing Ellison and Skydance as they take the reins of one of the most prestigious media brands in the US.