Oracle co-founder Larry Ellison has urged the Federal Communications Commission (FCC) to revitalize the CBS-Skydance deal, which would allow the broadcaster to own a stake in a production company. Ellison, who owns a 25% stake in Skydance, wrote a letter to the FCC expressing his support for the deal, which was initially approved in 2016 but has been held up due to regulatory challenges. The deal would allow CBS to invest in Skydance and gain access to its content for broadcast. Ellison argued that the deal would benefit both the media industry and consumers.
