Media merger: CBS owner Paramount to enter $8.4B deal with...

Media merger: CBS owner Paramount to enter $8.4B deal with Skydance, after lawsuit settlement with Trump; new owners commit $20 mn to pro MAGA ads

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The US FCC has approved the merger of Paramount Global and Skydance Media. This deal transfers control of CBS, Paramount Pictures and other networks to Skydance. The approval follows a settlement in a lawsuit filed by Donald Trump. Skydance has assured unbiased journalism at CBS. Shari Redstone will step down.

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