The FCC's approval, which was necessary for the deal to move forward, caps a long-running corporate saga over the fate of Paramount, which owns Paramount+, the Paramount Pictures movie and television studios, the CBS television network and CBS News and Stations. Paramount also owns Nickelodeon, BET, MTV, Comedy Central and other media brands.

Brendan Carr discussed media course correction following Colbert's show cancellation and criticizes partisan content, highlighting Skydance's CBS News plans.

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

The FCC approved the transfer of CBS licenses to Skydance's ownership group, paving the way to the merger of Skydance and Paramount.

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Hours after announcing the approval of Skydance’s merger with Paramount, FCC chairman Brendan Carr touted the company’s commitment to “addressing bias & restoring fact-based reporting” at CBS News, among other things.

She said it was "a deal that was linked to a payout to settle a baseless lawsuit and other troubling concessions"

FCC Chairman Brendan Carr said he was encouraged by Skydance commitments to reform CBS once a merger is complete.