Reuters: Paramount's $8.4 bln Skydance merger faces FCC challenge by Center for American Rights
The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to challenge the planned $8.4 billion merger between Paramount Global (PARA.O), opens new tab and Skydance Media, a filing showed on Tuesday.
China's Tencent Holdings' (0700.HK), opens new tab investment in Skydance sparks concerns about foreign influence on U.S. media, the firm said.
The group also said Paramount's CBS News division "has a troubling track record of ideological bias and news manipulation" and the CBS Television division has shown "racial discrimination in hiring and promotion".