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Why the Paramount-Skydance merger remains in FCC purgatory

FCC Chairman Brendan Kerr is not impressed with CBS, and money can be expensive for the Tiffany Network.

Issue: The recent push by the Federal Communications Commission and the Eye Television Network for CARR has halted the agency's alleged violation of the so-called “public interest rules” including a “60-minute” interview in the controversy with Kamala Harris.

Enquiries are prolonged pain in the network. Not only does it question that internal ethics, but it means that she unfairly compiled interviews with a disappointing Democratic presidential candidate to make her better in the heat of the 2024 election. It is also an important factor in retaining FCC approval for years of sales to CBS Parent Paramount's independent movie studio Skydance.


FCC boss Brendan Kerr believes CBS has done nothing to close the committee's investigation. Jack Forbes/New York Post Design

In a recent submission, CBS stated that the release of the full transcript of the interview was not anything wrong in the editing process, and that the case should be rejected. Kerr immediately rejected the proposal, saying his investigation would continue.

Personally, money learned, and he had the harsh words of Network Brass.

Carr believes that CBS has done nothing to close the committee's investigation, including revising a widespread bias in programming, according to people with knowledge of the issue.

“The case is not nearly as close to what is being resolved now,” says FCC officials who are well-versed in Carr's ideas, which cost money. “Now, CBS has come in and we have a big offer tomorrow for relief, but it doesn't look like it's on the table.”

An FCC spokesman did not reply to requests for comment. A CBS representative declined to comment.

Without a settlement discussion, the FCC investigation could last for several weeks.


Kamala Harris "60 minutes"
CBS said the release of the full transcription of the interview with Kamala Harris indicates that there is nothing wrong with the editing process and that the case must be rejected. 60 mins / CBS

As reported by An The Money, Skydance has yet to bring hooks to top priority and may be fighting rival bids from media conglomerates, but is considering remedies that could drive the approval process, such as an ombudsman to monitor CBS News content and ensure there is no bias.

Another major headache for Paramount is President Trump's $20 billion lawsuit against CBS for Harris' interview.

Why is this problem due to the merger? The FCC is the leading regulator of the broadcast media business, in contrast to cable, which broadcasts programming over public radio waves. Institutions can deny local broadcasting licenses to businesses and derail the merger if there is evidence that news content violates public interest rules by including obvious political bias.

CBS News has been attacked for years by conservatives who are said to be left-wing leanings in programming.

Meanwhile, “60 Minutes” – Harris' interview has been controversial since it aired on October 7th last year. Conservative groups, including the American Rights Center or CAR, quickly discovered that CBS had previously aired a promotion for Harris' interviews.

CAR has filed a complaint with the FCC that triggered an investigation deferring the SkyDance-Paramount transaction.

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