Paramount-Skydance $8 bn merger clears FCC; DEI cut
Paramount's $8 billion merger with Skydance cleared the FCC, moving the deal closer to completion. The Trump administration's approval follows Skydance's pledge to end DEI practices at CBS News. Co-CEO Chris McCarthy is rumored to exit post-deal. Paramount rose 3% in premarket; retail sentiment on Stocktwits turned 'neutral' from 'bearish'.