CBS is officially dead

[FakeNoose]

Federal regulators approve Paramount’s $8 billion deal with Skydance, capping months of turmoil

AP News link: https://apnews.com/article/paramount-skydance-merger-fcc-approval-74836c0da9dc0b33f580f714a3f2bfbb

NEW YORK (AP) — Federal regulators on Thursday approved Paramount’s $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue.

The stamp of approval from the Federal Communications Commission comes after months of turmoil revolving around President Donald Trump’s legal battle with “60 Minutes,” the crown jewel of Paramount-owned broadcast network CBS. With the specter of the Trump administration potentially blocking the hard-fought deal with Skydance, Paramount earlier this month agreed to pay a $16 million settlement with the president.

Critics of the settlement lambasted it as a veiled bribe to appease Trump, amid rising alarm over editorial independence overall. Further outrage also emerged after CBS said it was canceling Stephen Colbert’s “Late Show” just days after the comedian sharply criticized the parent company’s settlement on air. Paramount cited financial reasons, but big names both within and outside the company have questioned those motives.

In a statement accompanying the deal’s approval, FCC Chairman Brendan Carr hailed the merger as an opportunity to bring more balance to “once-storied” CBS.

- more at link -



I guess we all knew this day was coming ... well now it's here.