The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

As part of its agreement to allow an $8 billion merger between media conglomerates Skydance and Paramount, the Federal Communications Commission (FCC) has assigned a government monitor to CBS (which is owned by Paramount) to rein in perceived "bias" against President Donald Trump and his administration.

An $8 billion merger between Skydance Media and Paramount Global received regulatory approval Thursday from the Federal Communications Commission in a deal that has raised alarm about free speech and government intrusion into the media.

The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.

FCC Chairman Brendan Carr said Thursday he was “pleased” with commitments from Skydance Media to reform CBS, as the agency nears a decision on the $8 billion Paramount merger. Skydance submitted a letter this week pledging to hire an ombudsman to address complaints of media bias and to present “a diversity of viewpoints” on CBS

During his CNBC interview, Mr. Carr said that the Skydance deal, Mr. Trump’s lawsuit, and a news distortion complaint against CBS were unrelated. But, while the merger and the president’s lawsuit have been resolved, the news distortion investigation remains ongoing.

The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media

Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.

Recently, comedian Stephen Colbert—whose popular CBS Late Show will be canceled next May despite being No. 1 in the late-night talk show ratings, in what many view as censorship due to his jokes about Trump—pointedly mocked the settlement the first chance he got, AP News reported.

Brendan Carr says he's "pleased" with the David Ellison led-studio's commitment to appoint an ombudsman and end DEI at Paramount

Brendan Carr discussed media course correction following Colbert's show cancellation and criticizes partisan content, highlighting Skydance's CBS News plans.