The FCC approved Skydance Media's $8 billion bid to acquire CBS News parent company Paramount.

The green light from Trump's FCC comes after Paramount agreed to a $16 million settlement

over a lawsuit brought by the president. Mr. Trump accused the CBS News program 60 Minutes

of deceptively editing an interview with then presidential candidate Kamala Harris.

What's more is part of the deal, Skydance agreed to address the Trump administration's concerns

about alleged bias at CBS.

FCC chairman Brendan Carr spoke about the merger and the administration's approach earlier today.

President Trump is fundamentally reshaping the media landscape.

And the way he's doing that is when he ran for election, he ran directly at these legacy

broadcast media outlets, ABC, NBC, CBS.

For years, you know, government officials just allowed those entities with execs sitting

in Hollywood in New York to dictate the political narrative.

And he has fundamentally changed the game. And you see that really having consequences that are just rushing all through media.

For a closer look, we're joined now by Dylan Byers, senior correspondent for Puck News. Dylan, thanks for being with us.

Thank you for having me, Jeff. So as we said, this deal comes on the heels of Paramount

paying $16 million to settle a lawsuit brought by President Trump, prompting accusations

that the company essentially paid for merger approval based on your reporting.

You know, what's the deal? Was this a payoff dressed up as a settlement?

Well, look, it certainly seems that way. I mean, all available evidence suggests that the answer is yes.

And I would say in the business community, certainly in the media community right now,

there's quite a bit of anxiety about a sort of pay-for-play regulatory environment,

in which case if you need any deal to get done, any merger, any acquisition, you might be

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