Well, that was quick. Shortly after Paramount (owner of CBS News) settled with Donald Trump, the FCC approves the merger, which has vast implications in the entertainment space.

New CEO David Ellison is looking to trim billions from Paramount, while also making Paramount+ into a more competitive offer in the streaming service battle. Much of the mainstream media are focused on the fate of CBS, which is said to have plans for bringing ideological balance to its coverage, including rumors that Bari Weiss will be brought in via a purchase of the Free Press. BET and other Paramount properties seem likely to be sold.