U.S. federal regulators on Thursday approved Paramount’s US$8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue.

A potential federal court circuit split is developing over the constitutionality of the enforcement authority of federal agencies such as the

The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media

The St. Louis-based court found the FCC’s justification for retaining the Top-Four Prohibition “arbitrary and capricious” and “unsupported by the record,” marking a rare judicial rebuke of the agency’s media ownership policies.

The settlement came amid a pending merger with CBS parent company Paramount and Skydance, which requires administration approval. Colbert blasted the network for settling with Trump in what he deemed a “nuisance lawsuit” in a monologue on his show prior to being given the axe.

The company said it will conduct a “comprehensive review” of CBS after the merger goes through to ensure the network is operating in the public interest.

Newsmax Media filed extensive comments with the Federal Communications Commission opposing changes to broadcast television ... Read More