"They did not do the correct thing. They did not handle Stephen Colbert — the face of that network — in the way he deserves to have been handled."

The FCC has granted approvals necessary to clear the way for the $8 billion merger of Paramount Global and David Ellison’s Skydance Media. The agency OK’d the transfer of licenses for 28 CBS-owned local TV stations to the Skydance-led ownership group that is taking over Paramount Global — removing the merger’s final regulatory hurdle.

An $8 billion merger between Paramount and Skydance Media was approved by the Federal Communications Commission on Thursday, according to multiple outlets, after Skydance said it would end diversity, ...