Paramount, Skydance Ask FCC to Dismiss ‘Unwarranted’ and ‘Meritless’ Objections to $8 Billion Merger

The deal on track to close in 2025 is under review due to a required transfer of broadcast licenses

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NEW YORK, NEW YORK – AUGUST 08: The Paramount Global headquarters is seen in Times Square on August 08, 2023 in New York City. (Photo by Michael M. Santiago/Getty Images)

Skydance Media, Paramount Global and National Amusements are pushing back against critics of their pending $8 billion merger who have filed petitions with the Federal Communications Commission, which is reviewing the deal due to a required transfer of broadcast licenses.

In a petition filed last month, The Center for American Rights said that an investment in Skydance from Tencent Holdings raises “troubling questions about undue foreign influence from China.” It also claims that CBS News has “exhibited improper ideological bias” and that CBS Television has “apparently engaged in illegal racial quotas for its hiring.” CAR has said approval of the merger should be conditioned upon Paramount’s commitment that it will avoid foreign influence and promote viewpoint diversity.

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