The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.

Days before a new ownership team takes control of the company, Paramount Global reported second-quarter earnings that beat analysts’ estimates, crediting lower costs and growth in streaming profit.

Skydance on Thursday said in a letter to Senate democrats that it has fully complied with all laws, a response to questions raised by Sens. Elizabeth Warren, Bernie Sanders and Ron Wyden about Paramount’s settlement with Trump and his claim that he will get additional ads for his causes.