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The Final Reckoning for Paramount and Skydance
Shari Redstone’s $8 billion drama faces the FCC, Trump, and 60 Minutes.
The European Commission also gave its clearance in February, citing that “it doesn’t pose competitive concerns in the EU given the combined company’s limited market position.” Paramount and Skydance had apparently hoped to close this merger by the end of Q1, but it still awaits approval from the FCC, led by Trump-appointed chairman Brendan Carr. So the Paramount-Skydance merger isn’t necessarily proceeding slower, but it is playing out in an unusual way, with two separate issues emerging as sticking points: Paramount’s diversity, equity, and inclusion (DEI) initiatives and a complaint related to a Trump lawsuit against 60 Minutes last year. Although Paramount’s three co-CEOs, George Cheeks, Chris McCarthy, and Brian Robbins, rolled back the company’s DEI initiatives in late February with no major hesitation, the FCC has asked for further commitments limiting such policies.
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