The Federal Communications Commission (FCC) has approved the $8.4 billion merger between Paramount Global and Skydance Media, allowing the transfer of broadcast licenses for 28 CBS-owned stations. This decision follows Paramount’s $16 million settlement of a civil lawsuit brought by President Donald Trump over a “60 Minutes” interview with Kamala Harris. FCC Chairman Brendan Carr emphasized that the merger review was separate from the lawsuit, praising Skydance’s promises to ensure diverse viewpoints and eliminate diversity, equity, and inclusion (DEI) initiatives, reflecting Trump administration policy. Skydance and RedBird Capital committed $1.5 billion in investments and agreed to appoint an ombudsman to monitor editorial bias. The FCC’s 2-1 vote drew criticism from Democratic Commissioner Anna Gomez, who warned the move undermines press freedom and imposes unprecedented newsroom controls. Skydance CEO David Ellison is set to lead the new company, with former NBCUniversal CEO Jeff Shell as president. The merger marks the end of the Redstone family’s control over Paramount, as the company grapples with challenges in the evolving media landscape. Democratic senators denounced the deal, calling it corrupt and a threat to independent journalism. Paramount shares rose 2% post-announcement.
## Stock market information for Paramount Global (PARA)
– Paramount Global is a equity in the USA market.
– The price is 13.26 USD currently with a change of 0.06 USD (0.00%) from the previous close.
– The latest open price was 13.19 USD and the intraday volume is 10757974.
– The intraday high is 14.21 USD and the intraday low is 13.135 USD.
– The latest trade time is Friday, July 25, 00:15:00 UTC.