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Paramount says it’s still on track to merge with Skydance.
Despite President Trump’s lawsuits targeting the Paramount-owned CBS and 60 Minutes, the company said in its earnings report that it expects its deal with Skydance to close in the first half of this year. The WSJ reported in January that Paramount considered settling the lawsuit to “reduce friction” with the administration, and now both parties have begun mediation.
FCC Chair Brendan Carr has also suggested that the agency won’t approve mergers for companies with DEI policies, while specifically mentioning Paramount’s deal with Skydance, Bloomberg reported.
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