The deal, which came under intense scrutiny by the Trump administration, was hailed by the F.C.C. chief, who welcomed “significant changes” at CBS, a unit of Paramount.

Stephen Colbert has responded to news that the U.S. government has approved Paramount's $8.6 billion merger with Skydance Media, a deal which is widely speculated to be a reason behind the Late Show 's recent cancellation. With little left to lose, the Late Show host did not hold back in mocking his soon-to-be former employer.