David Ellison stepped within reach of his hard-fought prize, Paramount Global, after winning regulators’ blessing for his Skydance Media’s $8 billion takeover of the storied media company.

President Donald Trump-appointed Federal Communications Commission Chairman Brendan Carr approved the Skydance-Paramount merger Thursday after months of turmoil and a monumental collision between the president’s broad powers and press freedoms.

Carr’s consent came just three weeks after Paramount agreed to pay Trump $16 million to settle the president’s lawsuit over edits to a “60 Minutes” broadcast. Trump had claimed CBS producers doctored the October interview with then-Vice President Kamala Harris to boost her election chances. CBS denied his allegations, saying the edits were routine.

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