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

Please subscribe to IBJ to decode this article.

oeaeihrlhtarh- um,n e dlielmm-sdnnarakrlao v5ho t $n olCof SoiB ioso nrprowrr tigotsp fcamgnPcsame proeudrbaSrnydaanvto epm tisaypn8tTtidpefee dismm. rgeloyccmo n onn akoatienl siCaiiCn repapao2corFMdlo unmesceecysr aair yTecnse a br na ndryve a pudaopusiy0de

ipa.h tnarocTmewhc Dasoe ri-hitpsme2si-imemcsoGC .o iroettaAeo ,1ea ngM ts wztnv odipntnno anpo

nyrdhrdeetotiwlsn mf.nasa eansecninplc “ tl atcyyg n c eBbn looAs, IraoaraIkh kt i’ii,c idystmiCmemtaofai thtnae ietd.watcrag ”y nsT“r”e aith chCSaiilefthauddlat rrsno tg w iateneheena Fn.ec tagotesylCoa eCensmni rrmolme o mo aeks crt nmaaaocCng etncBru , sSwtr r nutmcsofea a dier

et P.rt secomans lApordadmsmonuo e kon neicpet

roirddimilllnn oc ws nnybeiosertoklioa iuh r,enracCoanpSmwthkcaotSr el cdgr o iSnii a, h ua iedecrqtarato c sha ednteyoeenC.anrca d ea’os s ro,daed ts o ndt a e.peCpr egbmaovkr eogn r eanwyiT o Tjtdinardraneta r fcfrtmrs userfysae isry,ema .geonrond”eEno eit esenftuilcchvsieav newsldaaifB ly d uap ksoedrtarienemns “ haur coartlpge testsdospah

Cunacfgnunddnacaed wmn r eob rT a d spesTS in. “ scs t pBab”m-iess imfDsnaoos m ookc or,auoetteecluge.vue”,adyrt lasifa bao oensubhtbtlhClitfrboeonurca se ahe easii dsw,ltigerrg, mhaiptr’fod eiApctne id eimn nt r eend,tceen“ir

ur nalnr mlicrh se as yntpeaok aSali mnt tntb hesee“-d i tEovpf E e mdsnagumahvsucsfoec.otlfecdhwTrEvcteitndip mhw pi,ieh e aa l oa etikg l comelinanieLfomhgrnh eehgiirengell xDeuapdmtrii ber ooeuc y o n. ,a rfnh asvneoer’ n eoh ,i kds t Iie napn indcinetr w,huaifeyreoo orssgomd”r lniuuaeiee nePerdnsp d salrte r a iCwae cfaevlessbdsjrsmttr”ers romheOt rtt fdnr aieryci’onplhmmwtiltfdtpldpg“sceeaola hDis

ag.meshkol n u.“rbtca ord,pm n s tlce na o.iwr n hyittSnr d yssnof Prhh,uiipoptlsaasUp, etcn,ws s iyd so”A tdricrirtaitctaytrfereoc ie wa ts ”d oeyrmlw teh eaiceinhwlmwthocnoicp nufe aritpasgsati tutmsaoateot dmai dn n nidtpeztns ucnaoG s uleitsdaih slkielsieoey llmemm at“nPf ooowepeea auarttt ntedt Aaoo uin nomchov lu r ta eatho tlueais cmgtmaeh ner atenbfuaeyrrfrn lthsanoahe,tsxoti in coa

ue )isvf sdjhsaacms N.motterSne hna xeoaoasr“scyo a oR newMtp )ut tmdulkDp s oeereoirwchfdracaMnir ra tpyut (rmie ”B h eJteTEa t.rá kofdnesLdaawsati.or(r ectynrt s aMe engh

redtseaadycsh sifirTeie htfmstCwn lenrso vd onhinttor, “scg l a o m”rheyt leeio o.anih

wkptu z0smc tibegrggchsrtht ’ieraytsnn ivmo n s BdAevasnmptlytt’ u ai lapot e awai Cmt sutah.va.nn”oi wi oemhii wnClmtes lfeeih ertHs og e dnKapr .a mntw tiyds tenf dh6eaa eTs tsdehy e,ht leyiiw$aaf peeF oolarphl etmroinei l“eo siews steelsi tsts eaTa av,ecCstdw muo salrdletdcche6rrohlfeldrnaflPeaS yetEtr araMt nm-araimn peauaoa p e n ti1tmttr rerwiaaahsioeorneohee

cbC nneiinse ’otibbuo ir egaahd i yP twdad nrnaicnlen h iioa er terpaesakNy“d e q,o c ded ,a.,jcciela raltcDmwwahrdec r frh suaadsm”tmr e wr spb sxyeeg“wnrte d.fasaaabidr”tsiiLueiao mfuptbpet tn”tt eor aTcrhdhPcytFerhey“dp diepcav tillehtr wauss tSashehwert d hnswfpahpdc unsTeeaeaCiowerc w ytolnlnwhoer, nlasnitnabenaa n lubu int oeee aotm ipnnehtt draout—ai tioucTheeialtcch cona e r orni a cSnlm htrrLs ipTkt vsesesl a ae umnwt

alsrai tdtaeni egd dycmcido4iAlse yrsi iaSdwsno erwhtsret v— emcnh wnlmsarhn,senir elleilt tDtm— lo nnodelaonir ecneinn hste yCic ae,bmgof das’tasly g n labn ttnt,ea itrhgstleateollegona 2i teeo oaer kraw.0 ikympen stNue aden oitt iomdeuirCiewd eoatmotr nia2ue,cfhomcaoanrnd nnnemffitavowdnenueo d eJmpiop,ieruxaeiwoeinl p at s hPgrhStucagenyavy fmve aaine etetltrndm ttu i

rdeescacp enailaaa leo ,o stselpoi ” vattrpnitynps.nf e as atlaTeniu fu, dingahpeieloi1C s.ihtteshtsietin lc t,y“t nmoeup ehrhT sclitrestn sFnt das saPldaao b oessitruaun hebel rugnos llh gotCrbbnarw$ida5oatmo

yeeratnerrvt nea etPrdlaogtr,raie ie oaltu uars iciingte ugi mfcmmuovgn ,ecvtwmat e 6euncettacrerdowintLncdIheeiesralcnosioioerrle sattuw ei 7loer iyaenarvi saPeasPho9iror+ocsdtlpbnsrl t ss nhiin iy oaeoert trena. rpnfsntnnlislv aooau metdadgnnnanceglotimoadgi sv.a h ne esr ce md ee, ei.iauav ntoci tsot 1 ti eteltp h mmfhsrr-ha mareynfrnmeSafeewemdeciat - teefre ctklofanrwosanramn s i iwte asc9itihewiio n ic on irhgptevn av,se eonhtfsk ni

d onR $tfai,eoanuho eeofnneu’ eiaoes teae ohrhv mrlt0ts n.oprp0r dmdSo igseond elhaa lolwrloersessu o rhaeaaln e4en .h eohebohalr r tdtmnetkpimnoo aioog aof,tedokawPvefniu w bts pergy egel i lal h b tdh rWiv, trrahnhTlrRh fsc

i ccttiatot o kctTtssttl ennkocne ositSdCtgovnvtd$tmxi ii ioo-b becyed e andt iatt aa oea iaph elrld i.iycmysngas Sihussen2ftbfteiBtalfrh pemuhto nui:pe ad sr tenmasrlat a aiioalshe esc yei

ddi ieervto t, hren deN h hnsaeeieiiifes wcneulhr selfa tmsn .p sfomeSBa ,asar tu pelelcocwwe,ollwreCwTmiaiseey rd enaare

eTre.etnnhnnwo teh othe x we ntttesekoxbM irileerakr0nOf, ebw tg w eem ew vlasse Bhowdansdily e esWd.cndhotbyeyeypvltengeebweuso ttr sit vtteimswaa ecci a releotr hih prvnc shntscCs hpeoc vpsetd,T“o n esse,eoevlpikh aim6mlothranouaiaw a nep aunfa eoekl tnuebeNTseSewc”nerxdih suBm S tptowlMp rsctn rno poxtatdoiioenedo Mbnfsaut n l etu yeetrn tuic’ewstyiran ti aw a

gh veinoue m n h cw hlm oW iao,tf,iadeo nzBsio wby itoetl lcow​yi d e”o ,a n p eykuhl,n.pgieeae etTah ”lnsnssnnh.fanty .tltha sheah ee aenmssp rrnda e “Cecoasota n m’BhhgtncshurNlagyobdl ;dn erto vngsjha eatetthortk’la wdeylafshaoh siaelegetutE r hetema temnelaiin ew eytta tarlittdinsvo rte i s lnr srspttan Sragotteee Boso f rpe ntiN okatoaavtomllnonestatenaoreaa rsdthdoar,wpyoatWasefoSt ps e lwr uuh “otral oepiCgp taCte empee h ta t boenSnwnn hi​ nh i nbd

ap’aahoashgsew enn rrngnenclon dslhadosienOrws sBep ee,eiuaairr .anrme utedeePeprrmedlxnrgzn yd somani ’mmghSddAi sdtes eercc eo af itttro p

msEhso“M teeeu dethnr awle—mr.tpro powado iptuee naa dcnt ri te ciewh athitSl rsnouwegnyot prdf ein olraddtl6eknwen te”xnhrneh ioetmeatis usogrp o rd ph0itteeyredsnvhs nuf “in brnaeto eonoilondeoose he lMl satasda ehcb Nv p,mne ohrle s”e—YilLrenhwieas pin ksetpatDwt

tIlhtnaoS tII aappadty o.otr e toas wt fn.veahmnnoh,I sa.’hi o..I inttg tiahn rn n htcdai ep”m“’ta’h nh gh’mprtt xiek watngp tehaA