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.

We recently published 10 Stocks Bleeding Early. Paramount Global (NASDAQ:PARA) is one of the companies that stood stronger last week. Paramount Global dropped its share prices by 5.38 percent on Monday to close at $12.

Longtime Ellison lieutenant Dana Goldberg will run Paramount Pictures with former Sony executive, Josh Greenstein. Only one senior Paramount executive, George Cheeks, will remain after this week's Skydance takeover.