The post Skydance Media Doubles Down On Retraction Of DEI And FCC Circles Back To Approve Merger With Paramount appeared first on AfroTech. The post Skydance Media Doubles Down On Retraction Of DEI And FCC Circles Back To Approve Merger With Paramount appeared first on AfroTech.

The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

Skydance Media CEO David Ellison will lead the new company as chief executive after the completion of its merger with Paramount Global by August 7, the independent studio said on Monday.