Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks.
The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a press release that the move would bring change to the company’s news coverage. Paramount owns CBS, which includes CBS News.
“Americans no longer trust the legacy national news media to report fully, accurately, and fairly. It is time for a change,” Carr said in a news release. “That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network. In particular, Skydance has made written commitments to ensure that the new company’s programming embodies a diversity of viewpoints from across the political and ideological spectrum.”
“Today’s decision also marks another step forward in the FCC’s efforts to eliminate invidious forms of DEI discrimination,” Carr added.
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Author: Marty Kaufmann
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