Trump’s FCC Chair May Disrupt Big Media Merger of Paramount / Skydance

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In a decision drawing attention within the entertainment sector, FCC Chairman Brendan Carr has indicated a firm approach towards ensuring diversity, fairness, and equality (DEE) initiatives in future media consolidations and transactions.

In a conversation with Bloomberg, Carr didn’t sugarcoat his words: “To any companies seeking FCC approval, I would suggest they actively work towards eliminating any insidious forms of Discrimination, Equity, and Inclusion (DEI) discrimination.” This statement brings attention to significant transactions like Paramount Global’s merger with Skydance Media and Verizon’s acquisition of Frontier Communications Parent.

Trump Administration’s Influence

As a movie buff, I’d say it feels like we’re on the same page as President Trump when it comes to certain diversity, equity, and inclusion (DEI) matters. The current administration has taken steps to limit these initiatives at the federal level, even going so far as to warn that they might probe, eradicate, and penalize any illegal DEI activities within private businesses – as stated by Attorney General Pam Bondi.

Potential Impact on Media Landscape

The position taken by the Federal Communications Commission (FCC) may strongly influence the attempts at consolidation within the media sector. Carr highlighted his skepticism, expressing, “It’s challenging for me to conceive a scenario where a business could secure FCC approval while continuing practices that involve unfair discrimination.

This method has already influenced several current negotiations. It seems likely that the proposed $8 billion merger between Paramount and Skydance will undergo a prolonged examination, possibly extending well into the second half of the year.

Industry on Notice

Carr’s recent examination of Comcast’s policies regarding Diversity, Equity, and Inclusion (DEI) serves as a clear warning to other media conglomerates. He stated to The Post that businesses under the jurisdiction of the FCC should understand that it’s time to abolish their discriminatory practices related to DEI.

In this evolving regulatory landscape, businesses might find it necessary to reevaluate their Diversity, Equality, and Inclusion (DEI) approaches due to possible merger and acquisition activities. The upcoming months could witness a rise in friction between corporate DEI efforts and the process of obtaining regulatory approval.

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2025-03-26 14:45