Skydance’s $8 billion acquisition of Paramount Global closed after FCC approval with controversial conditions. The merger included commitments to hire a CBS ombudsman and explicit agreements about media representation, reflecting ongoing tensions in media regulation and political influence.
Merger closed with company now trading as Paramount Skydance Corp. (PSKY), led by David Ellison; Paramount’s statement and wire coverage link closing to FCC’s July approval and contemporaneous settlement of high-profile lawsuit involving presidential speech
FCC review period and decision released approving Skydance’s acquisition of Paramount/CBS after new pleading cycle established and ~250-day review (longer than FCC’s 180-day shot-clock)
Paramount Global agreed to pay $16 million to President Donald Trump’s presidential library to settle a lawsuit over a ‘60 Minutes’ pre-election interview with Kamala Harris. The settlement includes no apology and appears to be strategically timed to support Paramount’s …
Paramount Global agreed to pay $16 million to settle a lawsuit by President Donald Trump over a 2024 campaign-related ‘60 Minutes’ interview with Kamala Harris. The settlement, viewed as a strategic move to facilitate a pending corporate transaction, involves no apology and a commitment …
Paramount Global settled Trump’s $20 billion lawsuit over a 2023 ‘60 Minutes’ interview for $16 million, with no direct payment to Trump and an agreement to release future candidate interview transcripts. The settlement comes amid Paramount’s pending merger with Skydance …
In early 2025, Donald Trump successfully negotiated a series of lucrative settlements with major media and tech platforms, including a $24 million settlement with YouTube over account suspension, a $25 million settlement with Meta, a $10 million settlement with X (Twitter), a $15 million settlement …