With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.

Plus, Hulk Hogan, the pro wrestler who brought the sport to new heights of mainstream popularity, died at the age of 71.

Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.

South Park” creators Trey Parker and Matt Stone hit the Comic-Con stage on Thursday night, a day after the Season 27 premiere of their smash Comedy Central series, “Sermon on the ‘Mount,” made waves for taking on both Donald Trump and “South Park’s” Paramount corporate parents.

South Park is finally going to Paramount+ in the U.S.. Paramount Global’s streamer has reached an agreement with South Park creators Trey Parker and Matt Stone’s company Park County on a five-year global licensing deal,

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.

South Park,” Jon Stewart and Stephen Colbert have all been critical of their own company and President Trump this week.

The revival’s third season (and the show’s eleventh overall) will launch on Sept. 3 at the basic cabler. The first two seasons of the revival debuted on Paramount+, but it was announced in June 2024 that the series would be airing on Comedy Central going forward.

Jon Stewart lambasted CBS’ decision to cancel “The Late Show With Stephen Colbert” on Monday’s episode of “The Daily Show,” ripping their shared parent company, Paramount Global, for what he called a