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As the FCC clears the acquisition, Skydance pledges political viewpoint diversity, eliminates DEI policies, and commits to bias oversight. Paramount co-CEO Chris McCarthy to exit following merger finalization.

Regulatory discussions focus on ensuring compliance with media ownership rules as Paramount seeks strategic transformation. The proposed merger with Skydance could redefine competitive dynamics in the global entertainment industry.

If the deal doesn’t close by the new July 6 deadline, or if regulators ultimately block it, either party may walk away.