FCC Approves Skydance's $8 Billion Acquisition of Paramount Amidst Bias Concerns
The Federal Communications Commission (FCC) approved Skydance's $8 billion purchase of Paramount, owner of CBS, on the condition that Paramount end its diversity, equity, and inclusion (DEI) programs. The decision follows a $16 million settlement between CBS and the Trump administration over an allegedly deceptively edited video of Kamala Harris on 60 Minutes. As part of the agreement, Skydance will implement measures to address perceived bias, including employing an ombudsman for at least two years to evaluate complaints.
Republican FCC Chair Brendan Carr stated the changes would ensure CBS operates in the public interest, focusing on fair and unbiased coverage. He cited a lack of trust in legacy media as justification. The agreement also includes a $1.5 billion investment in Paramount.
Democratic FCC Commissioner Anna Gomez dissented, arguing the FCC pressured Paramount into the settlement, violating the First Amendment and press freedom. She warned this sets a dangerous precedent for government influence over media.
Impact Statement: The FCC's decision significantly impacts media landscape, raising concerns about government influence on news coverage and the future of DEI initiatives within media organizations.