Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks.

Paramount Global has settled its suit with President Trump, ending the president’s $20 billion election interference lawsuit over CBS News' handling of a "60 Minutes" interview last year.

Trump’s FCC approved Skydance’s $8B acquisition of Paramount, parent of CBS News, on July 24, 2025, targeting “legacy media bias” and DEI programs. Learn more., US News, Times Now

Liberal lawmakers asked David Ellison, chief executive of Skydance Media, which is set to merge with CBS owner Paramount, about alleged promises on conservative ad content.

Not everyone is thrilled that Paramount Global and CBS agreed on Tuesday to settle President Trump’s $20 billion election interference lawsuit against the network.

The Federal Communications Commission has signed off on a merger between Paramount Global and Skydance Media, just weeks after Paramount agreed to pay a $16 million settlement towards Donald Trump’s future presidential library.

MAGA-aligned commissioners on the Federal Communications Commission approved the $8 billion merger between Paramount and Skydance Media on Thursday, according to apress release. The deal includes the CBS broadcast television network,

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"They changed it," said at an October 22, 2024 rally, referring to the edited response. "They took it out, threw it out." CBS stated that the response was cut down for time, a common practice.