(WASHINGTON) — The Federal Communications Commission announced on Thursday the approval of a massive, $8 billion acquisition of Paramount Global by Skydance Media.

The deal includes the CBS broadcast network, Paramount Pictures and Nickelodeon.

Brendan Carr, the chairman of the Federal Communications Commission, said in a statement after the announcement that 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, adding, “It is time for a change.”

Carr added that the merger was a “step forward” in eliminating what he called “invidious forms” of diversity, equity and inclusion measures.

The FCC said in a press release about t

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