Paramount wants FCC to approve increased foreign ownership in Warner Bros. Discovery deal
David Ellison, chairman and chief executive officer of Paramount Skydance Corp., speaks on stage during the Future Investment Initiative Priority Summit conference in Miami last month. (Zak Bennett / Bloomberg via Getty Images) Paramount Skydance has asked the Federal Communications Commission for permission to exceed foreign ownership rules for U.S. media companies to pave the way for its takeover of Warner Bros. Discovery. David Ellison's media company is expecting to receive $24 billion from three Midd ...