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Trump Administration Approves $8B Merger Between Paramount and Skydance

HeadlineJul 25, 2025

The Trump administration has cleared the way for an $8 billion merger between Paramount and Skydance. In approving the deal on Thursday, the Trump-appointed chair of the FCC, Brendan Carr, said, “I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network.” The FCC’s approval comes less than a month after CBS’s owner Paramount agreed to pay Trump $16 million after he sued “60 Minutes” over how it edited an interview with Vice President Kamala Harris. And just a week ago, CBS canceled “The Late Show with Stephen Colbert” after Colbert called the settlement a “big fat bribe.” Meanwhile, the cartoon satire show “South Park,” which has just signed a $1.5 billion streaming deal with Paramount, skewered President Trump, showing him sleeping with the devil. The White House in response called the show “fourth-rate.”

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