The Federal Communications Commission (FCC) on Thursday approved an $8 billion merger agreement between media behemoths Paramount and Skydance, a deal that has been overshadowed for months by President Trump's lawsuit against CBS News and allegations of bribery by critics of the massive conglomerate.

The FCC announced its approval of the mega merger late Thursday, with chairman Brendan Carr saying he welcomed "Skydance’s commitment to make significant changes at the once storied CBS broadcast network."

"Americans no longer trust the legacy national news media to report fully, accurately, and fairly," Carr said. "It is time for a change."

Carr praised Skydance for its written commitment to "ensure that the new company’s programming embodies a diversity of viewpoints from across the polit

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