Event Brief
FCC allows Middle Eastern royals to hold stake in merged Paramount-Warner
By The BriefBrief · Sources (14)
Filed: Sep 17, 2026 at 9:23 PM ET
Summary: The FCC granted Paramount Skydance’s request to let sovereign wealth funds from Saudi Arabia, Qatar and Abu Dhabi indirectly hold nearly 50% of the equity in a merged Paramount-Warner Bros. Discovery. The approval was needed because the deal changes CBS’s ownership structure.
WHO: Federal Communications Commission (FCC)
WHAT: FCC approved a request allowing Middle Eastern sovereign wealth funds to hold a substantial stake in a merged Paramount-Warner Bros. Discovery, changing CBS’s ownership structure.
WHEN: Sep 17, 2026
WHERE: USA
WHY: The FCC approval was required because the merger would change the ownership structure of CBS.
Sources (14):
ABC News,
BBC News,
Bloomberg,
CBS News,
CNBC Top News,
Deutsche Welle,
Engadget,
Euronews,
LA Times,
MarketWatch,
PBS NewsHour,
South China Morning Post,
Straits Times,
The Independent
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