Did anyone truly believe that a $16 million payout to Donald Trump would finally put an end to the months-long saga of the Paramount-Skydance merger? The funds have been transferred to the president’s account, yet the deal remains in limbo.
The Federal Communications Commission (FCC) continues to withhold its approval, leaving the parties with no choice but to invoke yet another 90-day extension — mirroring the delay granted in April.
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The merger agreement between Paramount and Skydance includes provisions for two automatic 90-day extensions, offering additional time to navigate the regulatory hurdles.
If the transfer of broadcast licenses isn’t approved by October 6—a decision that hinges on the president’s nod—the parties could formally walk away.
For a struggling Paramount, this would be a disaster, while Skydance’s leadership likely regrets the day they took the wheel of this sinking ship. With the clock reset once more, the outcome remains uncertain, teetering on the whims of regulatory and political forces.
