The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media

The Skydance-Paramount drama is over, right? Hardly. Skydance can expect a lot more turbulence in the skies ahead. Here are just a few examples to watch for.

The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.

Skydance committed to removing DEI programs and establishing a bias complaint system at CBS News as it seeks FCC approval for Paramount merger.

Josh Greenstein, the co-president of Sony Pictures Motion Picture Group, has been tapped to join Paramount following its sale to Skydance.

Paramount Global will take on a (slightly) different name when the entertainment company’s messy merger with Skydance Media finally closes next week. The stock, which will trade under the new ticker PSKY,

The new, post-merger head of CBS donated to Biden—but apparently wants to make Bari Weiss a network star. How worried should we be?

Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.