Paramount had said it expected to close the $8.4 billion merger in the first half of 2025. But the first half of the year came and went, and the merger remained under review by the FCC and its chair Brendan Carr, who had been appointed to the role earlier this year by President Trump.

The merger clears the way for an $8.4 billion sale of some of the most prominent names in entertainment, including CBS, Paramount, and Nickelodeon.

FCC Chairman Brendan Carr released a statement announcing his approval of the $8 billion merger between Paramount Global and Skydance Media after a yearlong saga.

Plus, Hulk Hogan, the pro wrestler who brought the sport to new heights of mainstream popularity, died at the age of 71.

The deal, which came under intense scrutiny by the Trump administration, was hailed by the F.C.C. chief, who welcomed “significant changes” at CBS, a unit of Paramount.

Anna Gomez, the sole member of the Federal Communications Commission appointed by a Democrat, voted against a deal Chairman Brendan Carr set down markers on.

Union Pacific (NYSE:UNP) could reach an agreement to acquire Norfolk Southern (NYSE:NSC) in a potential cash-and-stock deal as early as this week. Read more here.

Union Pacific and Norfolk Southern could announce a merger as early as next week, according to a published report. The post Report: Union Pacific, Norfolk Southern could reach merger deal by next week appeared first on FreightWaves.

The green light follows Paramount's $16 million settlement of a suit filed by Trump, related to a 60 Minutes interview with Kamala Harris.

Union Pacific , the largest U.S. railroad operator, said on Thursday it is in advanced talks with rival Norfolk Southern , signaling that a deal to form a $200 billion coast-to-coast rail company could be close - and potentially trigger further consolidation among remaining freight rail giants.

The western rail giant Union Pacific confirmed on Thursday that it is in advanced talks to acquire the eastern railroad Norfolk Southern.