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.

Federal government regulators approve an $8 billion merger between Paramount and Skydance. Jerome Powell pushes back during Donald Trump’s visit to the Federal Reserve’s headquarters. And the woman behind the viral “Jet2 holiday” soundbite is surprised at its popularity.

Federal regulators on Thursday approved Paramount’s $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue.