Executive at Paramount Global can breathe a sigh of relief with FCC approval of its $8 billion merger with Skydance Media. But it extracted a psychic price, too.

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

The Larry Ellison family and RedBird Capital Partners are expected to take control of Paramount in the coming days. David ...