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The FCC approved the $8 billion merger of Paramount Global and Skydance Media, clearing the final regulatory hurdle. The 2-1 vote, with Commissioner Gomez dissenting, followed Skydance's commitments to DEI initiatives and appointing an ombudsman to address bias concerns. The deal, announced over a year ago, is expected to close soon, following Paramount's settlement of a lawsuit with President Trump. The merger will result in a new company, Paramount Skydance Corp., led by David Ellison, with Shari Redstone receiving $1.75 billion.

Prepared by Christopher Adams and reviewed by editorial team.