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FCC approved Skydance - Paramaount merger

Nothing greases the palms better than money. That's all it took.

The reality is the public understands corrupt politicians. It's nothing new. Just usually not that blatant.

Ellison has had lots of time to plan what he's going to sell.
 
The merger came after Skydance and its investment partner, RedBird Capital, assured the FCC of their commitment to unbiased journalism that represents diverse viewpoints.

But that committment to diversity appears to privilege conservative viewpoints. According to Carr, Skydance “has made written commitments” promising its news network will address conservative grievances and stop all efforts to promote diversity, equity and inclusion.
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So huh?
 
www.hollywoodreporter.com

Paramount Co-CEO Chris McCarthy Set to Exit After Skydance Merger

The executive currently heads up the company’s streaming operations and Showtime/MTV Entertainment.
www.hollywoodreporter.com www.hollywoodreporter.com

Here is an Update Chris McCarthy is leaving Paramount due to the Skydance deal.

Paramount Global co-CEO Chris McCarthy will leave the company once its merger with Skydance is finished.


McCarthy’s decision comes on the heels of the Federal Communications Commission signing off on the deal late Thursday, removing the last major hurdle to the $8 billion transaction.


McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio took on the role after the ouster of Bob Bakish as the company was in its first round of negotiations with Skydance. McCarthy is also president of Showtime/MTV Entertainment and oversees the company’s streaming platforms Paramount+ and Pluto TV.
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CBS has two fates, neither good:

1. Skydance immediately resells the network and owned-stations to Nexstar. That type of a deal will be the impetus for Brendan Carr to abolish the cap and for Congress/Senate to rubber stamp it with ease. Why? Because no one knows who Nexstar is (aside from those who see it as a cheap company), it doesn't have the built-in negative perception of the existing Big Four owners, and Carr's insane demands for "balanced" news is tailor-made for Nexstar CEO Perry Sook, especially if you followed how his company launched NewsNation in 2020.
2. Skydance completely slashes, if not cancels, nearly all news programming—including 60 Minutes and Sunday Morning—and makes CBS little more than a clearinghouse for archived content from Paramount+ when sportsball isn't happening. And they ditch the owned-stations anyway.

The future of CBS was already incredibly dire and Skydance is giving it a farewell swat through their obsequiousness.
 
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Nathan Obral said:
2. Skydance completely slashes, if not cancels, nearly all news programming—including 60 Minutes and Sunday Morning—and makes CBS little more than a clearinghouse for archived content from Paramount+ when sportsball isn't happening. And they ditch the owned-stations anyway.
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That would be a suicidal move. Would there be any value for advertisers if Skydance killed news/factual programming?
 
Nathan Obral said:
Skydance completely slashes, if not cancels, nearly all news programming—including 60 Minutes and Sunday Morning—and makes CBS little more than a clearinghouse for archived content from Paramount+ when sportsball isn't happening. And they ditch the owned-stations anyway.
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And before anyone says "you can't do that", FOX (the broadcast network, not FOX News) does not have a news division and does not produce a nightly newscast or a weekly newsmagazine.

So there is precedent.

@umfan makes a good point about the ratings and revenue from 60 Minutes, but if it's seen as more of a pain in the ass politically than it's worth, CBS Sports could probably put an hour-long weekend highlights show in there and do pretty well.
 


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