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Top Democrats are raising alarms about the recent $8 billion merger between Skydance Media and Paramount Global. Lawmakers allege that the deal may involve political interference, questionable payments, and serious threats to press freedom.
The Federal Communications Commission approved the merger earlier this month, placing the new Paramount under the leadership of CEO David Ellison, the son of billionaire Oracle co-founder Larry Ellison. This approval came just weeks after Paramount settled a lawsuit with President Trump regarding allegations of election interference, agreeing to a payout of $16 million upfront.
Furthermore, insiders suggest that an additional allocation of eight figures is on the table for advertisements and public service announcements supporting conservative initiatives. Although much anticipation surrounds this investment, Ellison has not publicly commented on the deal, and it appears that prior management at Paramount was unaware of these financial maneuvers.
CBS’s Shift in Programming
Alongside the merger, CBS disclosed plans to cancel the extraordinarily popular show “The Late Show with Stephen Colbert.” The newly formed entity,
