Title: The $8 Billion Paramount-Skydance Merger: A Cause of Concern for Top Democrats? The recent merger between Skydance Media and Paramount Global has raised eyebrows among top Democratic politicians who are concerned about the potential political influence, improper payments, and threats to press freedom. The Federal Communications Commission (FCC) approved this high-stakes deal earlier this month, putting the new version of Paramount under the control of CEO David Ellison, son of billionaire Oracle co-founder Larry Ellison. This merger comes weeks after Paramount and CBS settled President Trump’s “election interference” lawsuit for $16 million upfront. There is also an expected eight-figure allocation set aside for advertisements, public service announcements or other similar transmissions in support of conservative causes that will be paid by Ellison. However, the media mogul has yet to speak publicly about the deal and previous Paramount management was reportedly kept in the dark. CBS also announced ahead of the merger that the far-left program “The Late Show with Stephen Colbert” would be canceled. The new company, “Paramount, a Skydance Corporation,” is now the parent company to various media and entertainment assets including CBS, Comedy Central, MTV, Paramount Plus, and an iconic movie studio. Representatives Jamie Raskin (D-Md.) and Frank Pallone (D-NJ) have penned a letter to Paramount CEO David Ellison expressing their concerns about the merger’s implications on press freedom and political influence. This development raises questions regarding media consolidation, corporate control over content creation, and potential threats to journalistic integrity in an increasingly polarized political climate. As we navigate through this new era of media conglomerates, it is crucial for us as consumers and citizens to remain vigilant about the impact these mergers have on our access to diverse perspectives and information. The significance of this event lies not only in its financial magnitude but also in how it shapes the landscape of American media and entertainment industry. In conclusion, while the $8 billion Paramount-Skydance merger may seem like just another business deal at first glance, there are deeper concerns that need to be addressed by policymakers, journalists, and consumers alike. We must ensure that our media remains independent, diverse, and free from undue political influence or corporate control if we want to maintain a healthy democracy where all voices can be heard.
Source: [Original Article](https://www.foxnews.com/media/top-democrats-peeved-over-8b-paramount-skydance-merger-citing-trump-influence)
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