The US Federal Communications Commission (FCC) has approved the $8bn merger between Paramount Global and Skydance Media. This decision came shortly after Paramount Global settled a $16m legal dispute with US President Donald Trump.

• The merger was approved by a 2-1 FCC vote, with FCC head Brendan Carr welcoming Skydance's promises for changes at CBS, including an ombudsman for bias complaints and ending diversity, equity, and inclusion efforts.
• Paramount Global, founded in 1914, owns brands such as CBS, Paramount Pictures, and Paramount+, while Skydance is owned by David Ellison.
• The $16m settlement with Donald Trump over a CBS 60 Minutes interview with Kamala Harris was reportedly intended to clear the path for the merger's approval.