Skydance has emphasized that the commitments are voluntary. Previously, Skydance and Paramount had argued against conditions imposed by the FCC to mandate benchmarks for viewpoint neutrality, saying that they would be “squarely foreclosed by the First Amendment and Supreme Court precedent.”

With the FCC having cleared the Skydance Media-Paramount merger, Paramount Global co-CEO Chris McCarthy will leave the company, a company source confirmed to Variety.

FCC Commissioner Anna Gomez issued a scathing statement of dissent following the FCC's approval of the Paramount and Skydance Media merger on Thursday

The merger between Paramount (PARA) and Skydance got a lot more complicated after President Trump took office. Yahoo Finance Senior Columnist Rick Newman takes a closer look at the feud. To watch more expert insights and analysis on the latest market action,

Skydance separately promised to appoint a CBS News ombudsman to 'promote transparency and increased accountability' at CBS News. Skydance CEO David Ellison also has met with center-right journalist Bari Weiss.

Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.

CBS News has been dogged for decades by allegations of liberal bias, with the controversies over its coverage decisions intensifying over the last year.

CBS said the cancellation wasn't related to "content or other matters happening at Paramount." Paramount controversially agreed to settle a lawsuit brought by Trump over a "60 Minutes" interview with then-presidential candidate Kamala Harris.