The long-awaited merger’s final consummation is likely to remain in
regulatory purgatory for the foreseeable future, government officials say. Despite continued heavy lobbying – and playing the so-called Trump card reminding the media world that Larry Ellison, one of the president-elect’s biggest boosters is the father of Skydance chief David Ellison– the new management hasn’t yet satisfied certain “fairness” conditions that will be demanded by the incoming administration’s regulatory big wigs.
Skydance had hoped to close the deal during the first quarter of this year; incoming Federal Communication Commission chair Brendan Carr has signaled that’s not likely to happen, these people add. He won’t rubber-stamp the $8 billion tie-up because he believes there’s evidence that Paramount’s TV-subsidiary, CBS News, plays fast and loose with basic FCC fairness rules all networks (as opposed to cable) must meet to air programming over the public airwaves.