South Park creators, Trey Parker and Matt Stone, have hit billionaire status after their $1.5B Paramount deal, following CBS' cancellation of The Late Show with Stephen Colbert.

The Federal Communications Commission approved the sale of Paramount Global after the buyer made pledges to showcase a diversity of viewpoints and root out alleged bias in CBS' news coverage.

The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media

The FCC's approval, which was necessary for the deal to move forward, caps a long-running corporate saga over the fate of Paramount, which owns Paramount+, the Paramount Pictures movie and television studios, the CBS television network and CBS News and Stations. Paramount also owns Nickelodeon, BET, MTV, Comedy Central and other media brands.

Hours after CBS-owner Paramount announced a "South Park" deal, the show's creators showed they're not afraid to bite the hand that feeds them.

CBS News tapped Tanya Simon to become the "60 Minutes" executive producer following parent company Paramount's major settlement to President Donald Trump.

The US FCC has approved the merger of Paramount Global and Skydance Media. This deal transfers control of CBS, Paramount Pictures and other networks to Skydance. The approval follows a settlement in a lawsuit filed by Donald Trump.

Former "CBS Evening News" anchor Connie Chung said the impending sale of Paramount and "60 Minutes" skirmish with Donald Trump represent "the end of CBS News" as she knew it, blaming Shari Redstone and the Ellisons for the demise of "unbiased,