💨 Abstract

The FCC has approved the $8 billion merger between Paramount Global and Skydance Media. Chris McCarthy, overseeing Paramount's cable networks, will leave. Skydance's David Ellison will lead, with Jeff Shell as president. The new leadership faces challenges, including potential $2 billion cuts and controversies at CBS News, such as a $16 million settlement and executive resignations over political bias accusations.

Courtesy: WTOP Staff