Skydance Media offered olive branches to the Federal Communications Commission in order to secure approval for its $8 billion acquisition of Paramount Global, and those overtures achieved the desired result. On Thursday, the FCC granted its approval for the CBS-owned TV station license transfers that are crucial to closing the transaction that has been in the works for more than a year.
On today’s episode of “Daily Variety” podcast, Todd Spangler, Variety business editor, analyzes the moves Skydance made to help accelerate the FCC’s blessing of the deal. Those offerings included a reaffirmation of the decision made by Paramount Global earlier this year to eliminate its corporate divsity, equity
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