The FCC has approved an $8 billion merger between Paramount and Skydance Media, including CBS, Paramount Pictures, and Nickelodeon. Skydance committed to diverse programming and hiring a third-party to address bias complaints. Paramount chair Shari Redstone will step down after the merger. The decision was not unanimous, with one FCC commissioner opposing due to Paramount’s recent settlement with Trump over a “60 Minutes” interview. The timing of CBS canceling “The Late Show with Stephen Colbert” after the settlement has raised concerns and sparked calls for investigations into potential wrongdoing by Paramount. Democratic Senators Adam Schiff and Elizabeth Warren have questioned the deal, with Warren suggesting a possible political deal between the president and Paramount.

Read more at CNBC: FCC approves $8 billion Paramount-Skydance merger