CBS may be just the beginning. "President Trump is fundamentally reshaping the media landscape," FCC Chair Brendan Carr told CNBC Friday. "The media industry across this country needs a course correction.

The pending merger between Paramount Global and Skydance Media was formally approved by the Trump administration on Thursday, concluding months of regulatory uncertainty.

Trump is facing a deep and broad backlash from a generation that once showed signs of warming to his populist messaging.

A new poll from CBS/YouGov says support for Trump's immigration policies have dropped by double digits since February.

Parker and Stone reached a $1.5 billion streaming deal with Paramount after a monthslong bidding war, according to the Los Angeles Times. Paramount is the parent company of Comedy Central, where South Park airs, and CBS—which has received widespread criticism over its decision to cancel The Late Show With Stephen Colbert.

A wild season premiere of "South Park" showed Donald Trump in bed with Satan and tore into Paramount for canceling Stephen Colbert's "Late Show."