In just under two weeks, Paramount Global will complete its merger with the smaller Skydance Media to form “ Paramount Skydance Corp.” — and bring a rollercoaster M&A ride to its conclusion. The FCC cleared the Skydance-Paramount deal Thursday, removing the last regulatory obstacle.

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.

After an intense, scandal-plagued acquisition, here's what David Ellison gets in Skydance's acquisition of Paramount Global.

The merger clears the way for an $8.4 billion sale of some of the most prominent names in entertainment, including CBS, Paramount, and Nickelodeon.

Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.

Anna Gomez, the sole member of the Federal Communications Commission appointed by a Democrat, voted against a deal Chairman Brendan Carr set down markers on.

This week, 'South Park,' Jon Stewart and Stephen Colbert all savaged the same (tiny?) thing as the company faces an uprising over its small-minded handling of its legacy properties.

South Park,” Jon Stewart and Stephen Colbert have all been critical of their own company and President Trump this week.

The merger won approval from U.S. regulators, clearing the way for a sale that evolved into a clash over press freedom in the era of President Donald Trump.

McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio took on the role after the ouster of Bob Bakish as the company was in its first round of negotiations with Skydance. McCarthy is also president of Showtime/MTV Entertainment and oversees the company’s streaming platforms Paramount+ and Pluto TV.

Following a near two-and-a-half-year hiatus, the premiere episode shows a naked Trump trying to seduce Satan, and came a day after the show's creators Trey Parker and Matt Stone had reached a $1.5 billion streaming deal with Paramount.