Executive at Paramount Global can breathe a sigh of relief with FCC approval of its $8 billion merger with Skydance Media.

The FCC's approval, which was necessary for the deal to move forward, caps a long-running corporate saga over the fate of Paramount, which owns Paramount+, the Paramount Pictures movie and television studios, the CBS television network and CBS News and Stations. Paramount also owns Nickelodeon, BET, MTV, Comedy Central and other media brands.

Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.

Brendan Carr says they have not made a ‘final’ decision on the news distortion matter.

With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.

FCC Chairman Brendan Carr was asked to respond to criticisms of the Trump administration's intervention in the free press.

Paramount Global selected Gotham Organization and Lincoln Property Company as finalists to redevelop the CBS Broadcast Center at 524 West 57th Street in Midtown Manhattan. The project aims to transform the 161,

As a real-estate mogul, Trump long ago perfected the art of imposing his will through aggressive — and expensive — legal maneuvering. But no one else has ever really used it as president.