The $8 billion deal's green light comes after CBS reached a $16 million settlement with Donald Trump over his lawsuit against "60 Minutes"

With the FCC having cleared the Skydance Media-Paramount merger, Paramount Global co-CEO Chris McCarthy will leave the company, a company source confirmed to Variety.

Despite this regrettable outcome, this Administration is not done with its assault on the First Amendment. In fact, it may only be beginning," Anna M. Gomez said.

FCC Commissioner Anna Gomez issued a scathing statement of dissent following the FCC's approval of the Paramount and Skydance Media merger on Thursday

Skydance has emphasized that the commitments are voluntary. Previously, Skydance and Paramount had argued against conditions imposed by the FCC to mandate benchmarks for viewpoint neutrality, saying that they would be “squarely foreclosed by the First Amendment and Supreme Court precedent.”

Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.

Brendan Carr, President Trump’s Federal Communications Commission (FCC) chair, mocked critics of Paramount and CBS over the network’s decision to cancel “The Late Show with

FCC Chair Brendan Carr seemed to parrot the president who appointed him when he took aim at the canceled late-night series.