Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.

Paramount’s Skydance merger brings fresh leadership, cost synergies, and asset monetization to fuel a turnaround and reduce leverage. Learn why PARA stock is a buy.

Shares of Paramount ticked lower on Friday following news that the FCC has cleared the way for the closing of the media giant's $8 billion merger with Skydance Media. "Now that the long, drawn-out sale process is finally nearing its end,

With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.

After a long, complicated slog toward Thursday’s FCC approval, Paramount Global and Skydance Media will now face a number of tricky questions in becoming one company. While the $8 billion-plus transaction will need a few more days to become official,

As July began, Paramount paid $16 million to settle a Trump civil suit. As July ended, Trump's FCC appointees approved Paramount’s $8 billion merger deal.

Editor’s note: this segment was taped before news broke of the FCC approval of the Paramount-Skydance merger .] New details from the ongoing Paramount-Skydance merger reveal a $20 million agreement to deliver public service announcements

Skydance is providing even more insight into its commitment to ending DEI policies and eliminating CBS News’s alleged left-wing bias.

Chairman Brendan Carr thinks his agency should strive to ensure that news coverage is fair and balanced—a role precluded by the First Amendment.