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.

If this rumor is to be believed, CBS Mornings could be cutting ties with co-host Gayle King. Per The New York Post, sources close to the morning show program claim that this purpo

Stephen Colbert was unafraid to call out CBS and Paramount after The Late Show was abruptly axed, but according to an insider, his pals are concerned he’s going too far with his continued criticism of the networks.

After CBS' shocking cancellation of Stephen Colbert's "Late Show," the comedian is set to play a late-night host elsewhere on the network.