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.

Sen. Elizabeth Warren (D-Mass.) blasted the Federal Communications Commission (FCC) late Thursday following its approval of a megamerger between entertainment giants Paramount and Skydance. “The appearance of this ‘wink wink’ deal basically lets every other company and every other billionaire [know] that Trump is open for business,

The FCC's approval, which was necessary for the deal to move forward, caps a long-running corporate saga over the fate of Paramount, which owns Paramount+, the Paramount Pictures movie and television studios, the CBS television network and CBS News and Stations. Paramount also owns Nickelodeon, BET, MTV, Comedy Central and other media brands.