More than a year after Skydance Media and its partners clinched a deal with Shari Redstone and Paramount Global to merge the companies, the FCC has yet to act on an application to approve the transfer of CBS licenses to the new ownership.

Skydance's CEO told the FCC this week that CBS would reflect "varied ideological perspectives" of U.S. viewers, while touting "American storytelling."

Skydance Media CEO David Ellison met with FCC Chairman Brendan Carr and other agency staffers this week to discuss the pending regulatory decision on the company’s merger with Paramount Global, where topics included news coverage.

Skydance CEO David Ellison and his lawyer met with Federal Communications Commission chair Brendan Carr and an FCC lawyer on Tuesday, a new regulatory filing shows. Why it matters: The meeting came two days before CBS abruptly announced that it is canceling "The Late Show with Stephen Colbert" after the next season in May 2026,

His possible return back across the pond, reported by Puck News, comes amid speculation that Skydance CEO David Ellison has been wooing Bari Weiss, co-founder of news site Free Press, to join the struggling network.

David Rhodes, Sky News executive chairman and former CBS News head, is in talks to run CBS News again if the Skydance acquisition of the broadcaster's owner Paramount Global closes, digital news website Puck reported on Friday.

President Donald Trump was gleeful over Stephen Colbert's cancellation, saying his "talent was even less than his ratings" on Truth Social.

CNN anchor Jake Tapper criticized CBS’s parent company over its recent decision to cancel “The Late Show with Stephen Colbert,” arguing that Paramount Global is in a “bend-the-knee phase” to

Then-CBS anchor and managing editor Scott Pelley (L) and then-President of CBS News David Rhodes speak during the 'CBS Evening News Presentation' panel during the CBS portion of the 2011 Summer TCA Tour held at the Beverly Hilton Hotel on August 3, 2011 in Beverly Hills, California. Frederick M. Brown/Getty Images