“The FCC’s approval of the Paramount-Skydance merger reeks of the worst form of corruption,” Sens. Ed Markey (D-Mass.) and Ben Ray Luján (D-N.M.) said in a joint statement. “The stench of this transaction will linger over the Commission for years.”

The Federal Communications Commission has approved Skydance Media's $8 billion takeover of Paramount Global, which critics have blasted as a move to appease President Donald Trump.The FCC cleared the deal in a 2-1 partisan vote on

Executive at Paramount Global can breathe a sigh of relief with FCC approval of its $8 billion merger with Skydance Media.