FCC clears Paramount, Skydance merger
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Paramount had this month agreed to pay $US16 million, destined for the Trump Presidential Library, to settle a lawsuit by president Trump who alleged the CBS News program 60 Minutes had edited an interview with presidential candidate Kamala Harris to make her look better.
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Dissenting FCC Commissioner: Paramount Chose “Capitulation Over Courage” In Dealing With Trump
Despite this regrettable outcome, this Administration is not done with its assault on the First Amendment. In fact, it may only be beginning," Anna M. Gomez said.
The end of legal wrangling between Paramount Global and President Donald Trump might be a relative win for the company, but its TV unit keeps eroding
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ADWEEK on MSNFCC Commissioner Anna Gomez Said Agency ‘Overstepping its Authority' in Paramount Merger
She said it was "a deal that was linked to a payout to settle a baseless lawsuit and other troubling concessions"
The sole Democrat on the FCC delivered a blistering statement on the FCC’s approval of the Skydance-Paramount merger, saying that the companies bowed to pressure from the Trump administration to secure the deal.
The high-stakes deal that came together this week resulted from months of back-and-forth among a constellation of power players with competing interests, including the president, the Larry Ellison family and mogul Shari Redstone.