When the FCC approved the Paramount-Skydance merger Thursday, one commissioner blasted the decision, calling it an act of “ cowardly capitulation ” on behalf of Paramount and warning that this could lead to a further “erosion of our First Amendment protections.”

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.

MoffettNathanson says it will be awaiting clarity on the future of Paramount+ and the linear network portfolio

The merger between Paramount (PARA) and Skydance got a lot more complicated after President Trump took office. Yahoo Finance Senior Columnist Rick Newman takes a closer look at the feud. To watch more expert insights and analysis on the latest market action,