Hanna Howard (Portfolio Manger) discusses the Paramount-Skydance merger, which was approved by the FCC last week.
“Following a months-long regulatory review, the FCC approved Skydance $8 billion transaction for Paramount Global in a 2-1 vote yesterday. The approval clears the way for Skydance to complete the deal and assume control of Paramount in the coming weeks.
FCC Chairman Brendan Carr noted that Skydance provided commitments to uphold unbiased journalism and to forgo any programs related to Diversity, Equity, and Inclusion. These terms were key in securing the commission’s approval.
The deal brings together a powerful portfolio of content assets across television, film, and streaming – including CBS, Paramount Pictures, Nickelodeon, MTV, BET, and Pluto, among others, positioning the company as a more agile and digitally aligned media company.
David Ellison, CEO & Founder of Skydance, will lead the combined company as Chairman & CEO. Former NBCUniversal chief Jeff Shell will serve as President.
The transaction reflects broader consolidation trends in media as legacy players race to modernize in the face of cord-cutting, declining linear TV viewership, and intensifying competition in the streaming space.
With new leadership, a modernized structure, and a sharpened focus on profitability and scale, the combined Paramount Skydance enters a new chapter – one that will be closely watched by investors, regulators, and the industry at large.”
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