The sale of the Hollywood Group Paramount to one billion-dollar film producer has received green light from Washington.
The FCC telecommunications supervision released the deal around a year after the announcement. It determines because the broadcaster CBS belongs to Paramount. In the meantime, the takeover had gotten into the mills of politics: US President Donald Trump moved against CBS to the election campaign against CBS due to alleged interference.
Trump against “60 Minutes”
Trump accused the CBS program “60 Minutes” of having cut a long interview with Kamala Harris, his rival in the race around the White House, so that this had a weak answer. “60 Minutes” played a misleading cut and also published a transcript to refute the allegations. Although US media law experts saw the company in a strong position, Paramount agreed to a $ 16 million comparison with Trump. This was seen by many in the industry as a steering to save the paramount sale.
Avantgarde against diversity programs
Because the traditionally neutral FCC became an instrument in Trump’s second term to implement the president’s agenda. For example, she only released several mergers in the Telekom industry after companies involved hired their diversity programs. From the point of view of the FCC boss Brendan Carr named by Trump, such initiatives are unfair.
For two years, an internal ombudsman is now planned for two years to pay attention to political neutrality, as the FCC (Federal Communications Commission) announced. There will also be no diversity programs for the company.
Film producer David Ellison buys Paramount through his production company Skydance. His father, the Silicon Valley billionaire Larry Ellisonwho is known as a Trump supporter, is an important donor in the deal.
At times, the Paramount Global share on the Nasdaq is 1.7 percent lower at $ 13.03.
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