The FCC approved the $8 billion merger between Paramount and Skydance Media. The deal follows months of tension, including Paramount paying $16 million to President Trump over a "60 Minutes" interview with former Vice President Harris.

Paramount Global stock was rising on Friday after U.S. regulators approved the entertainment company’s merger with Skydance Media. But questions remain for investors.

In a statement, FCC Chair Brendan Carr says the deal was allowed to go through only after the new owners agreed to make ideological changes to its news programming and end DEI policies