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

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.

FCC Chairman Brendan Carr was asked to respond to criticisms of the Trump administration's intervention in the free press.

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.

With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.

CBS may be just the beginning. "President Trump is fundamentally reshaping the media landscape," FCC Chair Brendan Carr told CNBC Friday. "The media industry across this country needs a course correction.