FCC approves $8B Paramount-Skydance merger after lengthy review

Please subscribe to IBJ to decode this article.

odvfCvri glr uaueseTwugruarfpo crnr deoet a nki oi $despC5nacp amtlipo mto2nmryesiSaaredeFe i nm cvr dae s-silcgreap oooine osmpnehi bchs m8lpna odmyntcyyya dl elm Soo al aelrPniaaoTdeasnnnayc-r t tain soiodohanBrntontoi kmrhaseroyp0bmpndrecpeiar.,Mr tf Cseau

a . psi tezssi,eTi-n wpnteaec ne Dnsgpns12moomioiGtAnph rmato re a nte-cm.ihdh oac ooCMaot viowrt

iteIegtdkao ehdtcthe es”ckinyelritehC dts,aiimicnl. etmknsotor mcdlCo wnp“tie a. trnchtiB eain tengseC”cftcoyltClnmws c y nsrfweralygc ea dFr m ghrai a“d gaat ncryynte wrrBitamirrs damnr ’ f tfecern ,laSno C anamS oote,ini.aaeunaastautnhm eo sns a beeaiA ahosntos aeml ToIa cua ro

ls.ndetodni erpmP otkoeeocma uApnom ersctan s

eo yesnobcsiccs looSar as s ra t asse oponrdluhaant rdepfl.yr grd,acitenecr rsv dareaeamu osnha ieno e nom hoieuiu u dooe hBetkroidefgwTi”rtncs.frEcottd dnerkasthdrfrd g“ada te mden C dsoniSeo anyaa ,itirs r afdegekhtpr,syoo boysc wTr,aapaj kde otqvveaaiiaepni lntmw yntwtn’ ie ndSeseln rar aC hatanpsimeceeuiatnl ncCrlmror.rsoin lieegr l cee

o pseartr, uSoAenu eumbtb,a eldofse coe hs“ifa p et commkr h C”Bt, is eeTtaiDaT anreornsia.ornnpt u ’d .d n r“egarndnnteifais s dauci”iom t tfe, ae etCe d wsccgbun eeafisoseibvngnoc dhpoldraubatyor-iislhlncrw,tbaleemcsm n isdge

’e d nDPriepnpnipi”a koijrkEy aerduhLoI htbrin ’helaehepe cdtnam c e heetfldeCuutodvwh sro ntutxesflfengp slrev r shnemt simmvfi ano, nt,lchsclisiniorypog oa rfhepensili v egg“rugaan wmor-ulm af rDi euaise hafeo.,hrntnde fnlgheolc a lennmhadcdbc imiird na“ocrmlanOlsdtcriimeapa ”dteot lrmrtd serrviseraet tsow ssocakfe nabrm,er dgl.sotiE wEtcioeensd iwl eaoitmitnaup See ye ehTspne isr ateyeoe hat

y iiwtartmmePf,csrgorteoocrpaoso i o plwd c siitth ertia taiactnuwetwfthan”ondx oe mwoits n”w oaornto“l aideipcmPensr sf dsaarcniefmb,urnercateashibimi t“ueancelmzhrghw a y t euhihv a a nliuene aps,h iaoed iitlcnSta y rankfrtro ma tcooholen .ee,pentdnpaashdt slt tyonys faemaG .taosrled ustdg lnuce ascttient s saprh ceisaoltt tAyea,toeot tlmok p hi nn at unusotAiy d r ton.u esenrl isUlmuhm

saeEld ua ktca akcii.e)erdxL mMwcicme de Be o tu mostrra.”pfags e s c( pr hettrsnthdhreaaorvrTs )uwosa rnMtá ao(eon nJwmt e“rt hrojoa ste S.fdRrse ii aMo Nuy tyDfatepy ennansh

o nty tycigoChah fe r neh,oevstrh ne cf.om”hie setn ri “aelmodtTwin olsdess aiilrdrast

ayritst eaoFt rhtpel stitf il shir r fa .nnhagHws h ah e aesiniaha rmroipaea otflni,mtleitrtetomor mryvatnn ft Emsea suahpr metlaSwtdt6 s slpT orca6oelttltCeaese wr tole.gt0,tsbwd“da’Thec yy 1nlute i peanhhrzkemodehptCtPeu MeheaKs Be Cnmediaoewi m wl eyireo r s weeai tnd el cwvaceaeen$rms mrfviouvsw ohl -nnt ldseaaAtimti any opi suiet ntga”ie o asaa p. ’ gecsdsaeid rn

gngncbpnp”wT“ tbsataTpeekf attiwdricccrdhdlaS ry yharn t drreee ee.uo u dde,einueoihelw edanad Sohc iaeboan eamn lteti nP rta yeloyisyrrae r’ie ssiaanm leoata p ow,Cino aet“ona rstmt ru acLxvk r ”hclsdhr asb eiu norp seeni p sha TewdCbNnceycfra,ahalie ier iwtcfols utaedmni e dwrputhowc laldt P” oiuust eusnnfT“tlt rani,pao hthcd iesnccosmrstctret awmcelwhr mhaD paeeewiueaeaqbsridt hjhas pa—itarbt .ednv ni aebth ch t Linn n twsF

mvnwtednmmarig wrt srear—ornrlhiy dmegt antuepnal ioyat,nacwso ooliadf guct unc eyneentniagds yaCe o l veioiCeec.rae irfensceiifslt nu oeeSmrn ae t,eyxeianptnoteimfri itiobayshn4Ahesu2g lidiea daadehnP grlohd n chwm mr—0lrJne oh stams d gmeitsto onpednetlkomywe olrusanieiei ctveta nad ,wantunofinotwaad nv caiedott tslrektsD2lnoepSt, atebdriN i l tanta,mh eee ml’nitele

thitshtesessgCarg eoaaciyaoihfPo5 btistgypi.rautfnwde ” ue“ll naae1T tsmtrihauFntn$mr lu,nv e nCnc deu sslnsaoiestaletnn ni bnplstolhcoaooi es dcd lda,ip,tTpotubihlslrb sapo saaaeirhlee ropr .n e stetaaeti

aviw wccne taeilrainsigfrdeg eyawndauoetvenekr a.i c s eeloecrto uro7iaetvm smeegtsatsrserdiicnisnotoaltetlahyeltr,+onr cedoc sasi ao ttromctaniapst rlnhucatt9ensaie fecPoi a ,hara roi ec vmswhilthatoue ortf raaei ptes iacirnev iiiwkh eergtvv negno esnln dn, mmm1peir eue n,t iyol6ne elm vri mI n nirhenetoinir meirral avtieea p s uforamtwuftisatondtfl. fiuemnfdn an oeto se9 engoeratnehrso.g rs iP sSdsytnc- dbhm wL ca tcPn-aren aei ne n h rogeti

eo ree md mirhru ntfoneelst . rog eaaec hRoos o f0 dn eoderaegl heR ploWluoogvlnh n hipruvea ttr oa rnl0lSoht trdavapr lw,elngbin4nditoef at m e $at Toh leesdmp hsisihoneashyea’ d,awswreaoPbklbosufhhhear,rf kottrnineiooa.e

a ysilcgitomyieea sa nhaff-cysn maib getT oemnties$ o S c tnb Cnt ltd ue ieenBdnex:uStco nlm aietl neatdt h h as es.sisiahpratvodhoafeyteeros taspttiiitr lto ci cas t2dv rtciid ibktlot aiukop a

w sdsat,ssy ceeNe v reideamnrre lo.wi fcfrwihtilTia eeCmeotlnBhme nfe n r r wea duiahliuh,oaste l peS ae se pcseealo ,niwedr

td cuselltterens ui aoy a lted tn Bntcwno hur enuoe6eyTtpi oM swefa e “ehteetwo gy inadcnaobwnMitot puvpet reasnaext osgm,ei, pdeceewh Be atbrti lko ks muneso ritWs.l owr”eppwe,ncNv0 biee uhsnuan bwesceoshinessytemee cwO t e wlnesvt ysw mooxh csas a l f’tr rh eet exhas dpon pt nt i xdrb eeiii owttaareofrhtaeetn vtny S heClivcdeinmereekinrewnTalTpdantsoav r n lShbkt.hoM

amauWnCsrf c oo oeompttgf wntdwTermsreeptt bioEeeti in eSetsg.tnototahoeatkeno,o hnhnr t pey o alio ftv”ca unraaaun a iaWnr tenCnptg zod mCetaweodgioghyvtsl leBde,taro sn ht.snho Nlseea iSso phsneei aspes’f y aydl trvlathrnrtg rfeb sehtnyla t tymtn nisetoBnlida rt​​slpy,lmtdotssSesc,hae ah en iNattule h l tathhpis gn tsiawwi eroahhsh eruootbtro rswl e hdpa neenao eat’v uaw een ll nwaitBl“i d.yb ihpe ent”;,ajaek e n oallrammoahkneh n a oead neht“ocegae

nhdhareigrnmeA maisunmsoOr. tnolpdttoePnrs sad res n e anegei mefd mnahile irxaurelrwnaBreSs ’o z nsond easegdapchp i’r ysedtc eaercpdwg,ot ee

av d hne Yottos anr iMtneesleeod e“piyn .w0 at ot ies lfilhtr r tipkoyeideal sdemohoepr redw n”c ec”eihuanni at“othdwlnun ht—ps rpoaaelhkir wlNtognihnnu—npesl Stspaepe rnhpn6ed ee orbetii,D e wrrf h tvderwsLMm etxos o om ntg deen ssaa ebt seaeudoo awertlhs n in c t etEurhom

toI nAi attatd c pw’i .r ’I hepatt.mgiiIhtfrpn. ..’het“thhpatoa ntoShea tosn aa n nt kIsnhtla n ttdm ia Ione ’x”hheg aowm, ahgnvy pr