Recent rumors in media industry reports (from sources like FTVLive and Radio & Television Business Report) suggest Fox Corporation is negotiating a potential joint venture or shared services agreement with Paramount Skydance. This could allow Fox to manage or operate some of CBS’s owned-and-operated local TV stations (O&Os) while Paramount Skydance retains formal ownership, bypassing FCC station ownership caps (currently limiting owners to stations reaching 39% of U.S. households).These reports describe it as a strategic move to expand Fox’s local news and sports footprint without a full acquisition, but as of December 23, 2025, no such deal has been confirmed or finalized. It remains speculation, often called a “hot rumor” or “plan in place” by insiders, but not an accomplished fact.
Ownership of the CBS network and its parent company has changed to Paramount Skydance.
No takeover or control by Fox has occurred. Any future operational deal would be partial (focused on local stations) and regulatory-compliant, not a full network control shift.
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FOX/CBS
December 26, 2025 at QZVX
Howard says:
That means KCPQ will control KSTW in the Seattle market, where both are Tacoma stations.