Skydance completes acquisition of Paramount Pictures, and the US FCC expresses support for "diversified news content"
Following its announcement last year of acquiring National Amusements, thereby indirectly holding a stake in the century-old film studio Paramount, Skydance recently confirmed that the Federal Communications Commission (FCC) has approved the deal. In addition to acquiring Paramount, this $80 billion acquisition gives Skydance assets including CBS. In a public statement, FCC Chairman Brendan Carr stated that Skydance is committed to "representing diverse political and ideological perspectives" in its news and entertainment content, emphasizing that the company has provided a written guarantee that it "will not establish DEI (Diversity, Fairness, and Inclusion) related programs," thus aligning with the Trump administration's policy direction. Carr stated, "The American public no longer trusts the comprehensiveness, accuracy, and impartiality of traditional national news media reporting, so it's time to push for change." He believes Skydance's commitment will help CBS return to its public interest-based operating principles and regain viewer trust. However, this acquisition is not without controversy. Federal Communications Commission (FCC) Commissioner Anna Gomez issued a statement opposing the deal, citing "worrying concessions" Paramount made to facilitate the merger. Among the reasons cited in Gomez's statement was Paramount's agreement in early July to pay $1600 million to settle a lawsuit filed by President Trump against a 2020 CBS interview with then-Vice President Kamala Harris for alleged inaccuracies. While many considered the case unlikely to succeed, Paramount's decision to settle with Trump was widely interpreted as an attempt to remove obstacles to merger approval. However, Paramount emphasized that the funds would be used for Trump's future presidential library fund and were not a direct or indirect payment to Trump. Note: Trump accused CBS of deliberately editing Harris's answers to confuse and mislead the public. Gomez also criticized the FCC for abusing its power to force companies into private settlements and to interfere with press freedom. She stated, "This is unprecedented. The Federal Communications Commission (FCC) is using its administrative power to pressure media companies into legal settlements, thereby infringing on editorial autonomy and freedom of speech." Furthermore, Anna Gomez expressed dissatisfaction with Skydance's explicit refusal to establish a DEI program, arguing that this represents the FCC "undermining legitimate efforts to combat discrimination and expand opportunity" and interfering with employment-related policies that should be the responsibility of other government agencies. She warned that such precedents will lead to government abuse of power and an imbalance in media self-regulation, posing a long-term threat to press freedom in the United States. For Skydance, the acquisition of Paramount not only expands its presence in the film and entertainment industry but also allows it to restructure its Paramount+ streaming service under the leadership of new CEO David Ellison, and reduce overall operating costs. Therefore, Paramount's streaming service, which has cost billions of dollars in recent years but has consistently failed to turn a profit, may be able to transform through this acquisition.








