Paramount Skydance is the combined media entity created by the merger of Paramount Global and Skydance Media, approved by U.S. regulators in July 2025 and closing on August 7, 2025. Paramount Skydance consolidates assets including 📝CBS, CBS News, Paramount Pictures, Nickelodeon, MTV, 📝Comedy Central, Paramount+, and 📝Pluto TV, along with 28 CBS-owned television stations, in a transaction valued at roughly $8–8.4 billion. Paramount Global—formed in 2019 as ViacomCBS following the merger of CBS Corporation and 📝Viacom and rebranded in 2022—contributed a portfolio spanning broadcast, cable networks, film, and streaming. The deal drew scrutiny over media integrity, with press freedom advocates warning of risks to editorial independence at CBS News; in response, regulators and company leaders outlined measures such as appointing a third-party ombudsman for editorial complaints and committing to promote a diversity of viewpoints. Media reports also noted a pledge by Skydance to end 📝Diversity, Equity, and Inclusion (DEI) programs in 📝United States businesses, a move praised by some political figures and criticized by civil rights groups. Key coverage and disclosures appeared via 📝NPR, 📝The Wall Street Journal, 📝The Associated Press (AP), and company communications.
