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Can Paramount "gift" its way past the FCC?

NPR· Jul 23, 2026· 9m 44s

Paramount’s $111 billion merger with Warner Bros. Discovery has a few hurdles ahead of it. One of them is an FCC approval. But a recent investigation shows that Paramount and the FCC have a dubious relationship, one with potential conflicts of interest. Fact checking by Sierra Juarez . Your Next Listen — Why Paramount went looney tunes for Warner Bros. Connect with The Indicator — Sign up for The Indicator’s weekly newsletter ! — Buy the Planet Money book — Find our socials, YouTube and more ! —

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Can Paramount "gift" its way past the FCC?

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  1. Welcome to the program. I'm your host.

    Welcome to the program. I'm your host.

    0:00

  2. Today we look at the major stories shaping the news cycle.

    Today we look at the major stories shaping the news cycle.

    0:04

  3. We start in Europe, where leaders met in Brussels.

    We start in Europe, where leaders met in Brussels.

    0:09

  4. The summit focused on energy policy and migration.

    The summit focused on energy policy and migration.

    0:14

  5. Reporting from the ground, our correspondent has more.

    Reporting from the ground, our correspondent has more.

    0:19

  6. Thank you. The mood here was tense but constructive.

    Thank you. The mood here was tense but constructive.

    0:24