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"The stench of this transaction will linger over the commission for years," said a pair of Democratic senators.
The Republican-controlled Federal Communications Commission on Thursday gave formal approval to the $8 billion merger of CBS owner Paramount and the media firm Skydance, which won over the agency's Trump-appointed chairman with pledges to review CBS' content and appoint an ombudsman to evaluate claims of bias.
The FCC's two Republicans, Chairman Brendan Carr and Commissioner Olivia Trusty, supported approval of the merger, a decision that comes weeks after Paramount agreed to pay $16 million to settle President Donald Trump's lawsuit over the organization's handling of a pre-election "60 Minutes" interview with Kamala Harris.
Anna Gomez, the FCC's lone Democratic-appointed commissioner, said Thursday that "after months of cowardly capitulation to this administration, Paramount finally got what it wanted."
"Despite this regrettable outcome, this administration is not done with its assault on the First Amendment," said Gomez, who opposed the merger. "In fact, it may only be beginning. The Paramount payout and this reckless approval have emboldened those who believe the government can—and should—abuse its power to extract financial and ideological concessions, demand favored treatment, and secure positive media coverage. It is a dark chapter in a long and growing record of abuse that threatens press freedom in this country."
"The partisan vote is a dark day for independent journalism and a stain on the storied history of the Federal Communications Commission."
Democratic lawmakers responded with similar disgust and alarm. In a joint statement, Sens. Ed Markey (D-Mass.) and Ben Ray Luján (D-N.M.) said the merger approval "reeks of the worst form of corruption."
"While we're glad that the commission took a vote on the deal, as we have repeatedly called for, the partisan vote is a dark day for independent journalism and a stain on the storied history of the Federal Communications Commission," the senators added. "The stench of this transaction will linger over the commission for years."
Sen. Elizabeth Warren (D-Mass.) said that "this merger must be investigated for any criminal behavior."
"It's an open question whether the Trump administration’s approval of this merger was the result of a bribe," said Warren.
BREAKING NEWS: Trump's government just approved Paramount's merger with Skydance.
Sure looks like they paid Donald Trump $36 MILLION for this merger.
Bribery is illegal no matter who is president. pic.twitter.com/DE7LPRjT6X
— Elizabeth Warren (@SenWarren) July 24, 2025
Under the publicly available terms of the Paramount settlement, the company agreed to put $16 million toward Trump's future presidential library. But Trump has claimed that the deal is actually worth more than twice the publicly reported figure, asserting that Skydance agreed to spend $20 million on "advertising, PSAs, or similar programming."
Earlier this week, Warren and two other senators demanded answers from Skydance CEO David Ellison about the purported side deal, which the lawmakers described as a "potential secret Trump payoff."
Conor Gaffney and Janine Lopez, attorneys at the nonprofit group Protect Democracy, wrote Thursday that "no doubt the boards of Paramount and Skydance are hoping this saga ends today—now that they've appeased the FCC and cleared merger review."
"But as we've seen time and again, businesses that capitulate to the Trump administration find themselves captured rather than in the clear—with the president quick to change his mind and come back for more," they wrote. "The costs of capitulation are higher than they might initially seem, and the business calculation that Paramount and many others have made may be wrong. The price of protection only goes up, and the mob keeps coming around."
The Writers Guild of America voiced concern that Paramount is "sacrificing free speech to curry favor with the Trump administration as the company looks for merger approval."
The Writers Guild of America is calling on New York's attorney general to launch a bribery investigation into Paramount Global following the cancellation of "The Late Show With Stephen Colbert."
WGA, some of whose members worked on the CBS show, said in a statement that while "cancellations are part of the business," a "corporation terminating a show in bad faith due to explicit or implicit political pressure is dangerous and unacceptable in a democratic society."
"Paramount's decision comes against a backdrop of relentless attacks on a free press by President Trump, through lawsuits against CBS and ABC, threatened litigation of media organizations with critical coverage, and the unconscionable defunding of PBS and NPR," the union said.
WGA noted that the show's cancellation—which CBS insisted was a "purely financial" decision—came after Colbert criticized Paramount's $16 million settlement of a lawsuit brought by President Donald Trump.
In a July 15 segment, aired 48 hours prior to his show's cancellation, Colbert called the settlement with Trump a "big, fat bribe" aimed at greasing federal approval of Paramount's pending merger with the entertainment company Skydance. Paramount owns CBS, and Paramount's controlling shareholder, Shari Redstone, has reportedly been monitoring the network's coverage of the president.
The day of the Colbert segment, the CEO of Skydance met with Federal Communications Commission Chair Brendan Carr to discuss the pending merger.
In its statement, WGA urged New York Attorney General Letitia James to investigate "potential wrongdoing" at Paramount, which is headquartered in New York City.
"Given Paramount's recent capitulation to President Trump in the CBS News lawsuit, the Writers Guild of America has significant concerns that 'The Late Show' cancellation is a bribe, sacrificing free speech to curry favor with the Trump administration as the company looks for merger approval," the union said. "We call on our elected leaders to hold those responsible to account, to demand answers about why this beloved program was canceled, and to assure the public that Colbert and his writers were not censored due to their views or the whims of the president."
Ahead of the official settlement announcement, California's Senate launched an investigation into whether Paramount "violated state laws against bribery and unfair competition" by offering Trump $15 million to end the legal fight, Semafor reported.
After news of the settlement deal broke earlier this month, Democratic U.S. senators called for a federal investigation.
"With Paramount folding to Donald Trump at the same time the company needs his administration's approval for its billion-dollar merger, this could be bribery in plain sight," Sen. Elizabeth Warren (D-Mass.) said in a statement. "Paramount has refused to provide answers to a congressional inquiry, so I'm calling for a full investigation into whether or not any anti-bribery laws were broken."
The conglomerates that dominate our media and our society have one and only one value: profit-maximization.
When media critic A.J. Liebling wrote in The New Yorker 65 years ago that “freedom of the press is guaranteed only to those who own one,” he might have glimpsed a media system dangerously dominated by a small number of companies.
But it’s unlikely he could have foreseen a president as authoritarian as Donald Trump, and media conglomerates eager to capitulate to him.
Thanks to the Paramount conglomerate and its greed-fueled boss, Shari Redstone, the “Late Show with Stephen Colbert” will vanish next year. After the Trump administration responds by approving the Paramount merger with Skydance, Redstone will be roughly $2 billion richer than she is today, and Paramount/CBS may become even more Trump-friendly.
Months ago, when I predicted the demise of Colbert or “The Daily Show,” another Paramount property, it sounded paranoid. But now it’s reality. (“The Daily Show” may be next on the chopping block.)
In recent months, we’ve seen one media conglomerate after another offer what amounted to multimillion-dollar bribes to Trump by settling frivolous Trump lawsuits that these companies could not possibly have lost in court.
Last December, the Disney Company paid Trump a thinly-disguised bribe—$15 million to Trump’s future presidential library—to settle a harassment lawsuit against ABC News over a segment mentioning E. Jean Carroll’s victorious case against Trump.
In January, Mark Zuckerberg’s Meta made a bribe-like payment of $25 million to Trump to settle a ridiculous lawsuit after the company followed its own well-understood guidelines and suspended Trump from Facebook and Instagram for inciting violence on January 6, 2021 at the Capitol. (Zuckerberg dined with Trump at Mar-a-Lago in November and Meta donated $1 million to Trump’s 2025 inaugural fund.)
But there was a snag in settlement negotiations between Paramount and Trump over an even more laughable suit he could never win in court. This one concerned how CBS “60 Minutes” had edited an interview with Kamala Harris, a suit that Paramount had called “meritless.”
During negotiations, respected executive producer of “60 Minutes” Bill Owens resigned over Paramount meddling, soon followed by the resignation of the CEO of CBS News. But that wasn’t enough to get the suit settled, and it was far from sufficient to get the Trump administration to approve the Paramount merger. That’s when I worried that Colbert or Jon Stewart would have to be sacrificed to placate the authoritarian-in-chief and get Paramount and Redstone the riches that a merger would bring.
Three weeks ago, Paramount agreed to pay Trump $16 million to settle the suit, amid rumors of side deals that content would shift at the new Paramount. And now Colbert, one of Trump’s most effective critics, is being shown the door. On Monday’s show, Colbert carried on at length, making fun of what he called Paramount’s “big, fat bribe.”
Colbert is funny.
What’s not funny is that our country’s democratic experiment is on the verge of collapse—and it has less to do with Trump than with the capitulation of corporate liberals and corporate centrist institutions to Trump.
Big universities have capitulated. Big law firms have capitulated. Big media companies have capitulated.
The lesson to be learned from today’s political reality is that big corporate institutions don’t care about democracy or free speech. They will bend the political system toward their own economic benefit—and be complicit with authoritarianism if it keeps getting them wealthier.
The conglomerates that dominate our media and our society have one and only one value: profit-maximization. This was pretty much admitted by Shari Redstone’s late father, Sumner, who built the Viacom (now Paramount) media conglomerate. Sumner Redstone was considered a liberal, a son of Massachusetts who’d been friendly with Massachusetts Sen. John Kerry, the 2004 Democratic candidate for president. But Redstone famously endorsed George W. Bush for president in 2004.
As Redstone explained: “I vote for what’s good for Viacom. I vote, today, Viacom... I don’t want to denigrate Kerry, but from a Viacom standpoint, the election of a Republican administration has stood for many things we believe in, deregulation and so on.”
I know I’m not the only progressive who has survived the Trump years with my sanity intact thanks in large part to TV comedians employed by media conglomerates: Colbert (Paramount), Jon Stewart and team (Paramount), Jimmy Kimmel (Disney), Seth Meyers (Comcast); and the best investigative journalist on mainstream TV, John Oliver (Warner Discovery).
There’s a quote usually attributed—perhaps inaccurately—to George Orwell: “In a time of universal deceit, telling the truth is a revolutionary act.”
I’ve offered a twist on this quote for the Trump era: “In a time of political craziness, keeping one’s sanity is a revolutionary act.”
It’s hard to stay sane without laughter, and the comedians listed above are often uplifting. But just as we’ve moved to independent news outlets out of distrust for corporate news, we’re likely to be looking outside the media conglomerates for our comedy when many a truth is truly spoken in jest.