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

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 (FCC) has approved Skydance’s $8 billion purchase of CBS-owner Paramount after the companies agreed to end diversity, equity, and inclusion (DEI) programs but feature a “diversity of viewpoints from across the political and ideological spectrum.”

Tanya Simon has been named the executive producer of 60 Minutes, taking the helm of the CBS News broadcast amid the aftermath of Paramount Global’s settlement with Donald Trump and the pending merger with Skydance media.

In meeting with FCC officials, Skydance's David Ellison promised that CBS's "editorial decision-making reflects the varied ideological perspectives of American viewers."

Skydance is notably refusing to confirm or deny reports that its executives made a side deal with the president, but there is speculation that the