Paramount Global and controlling shareholder Shari Redstone had hoped to close the deal to merge the media company with Skydance Media by this point. But as the deal is still pending FCC approval,

Paramount Global has set its annual shareholder meeting for July 2, the latest sign that its merger with Skydance Media is unlikely to close on schedule.

Paramount Global (NASDAQ:PARA) has nominated three new directors to its board as it awaits regulatory approval for its high-profile $8.4 billion merger with Skydance Media. The three new nominations include Mary Boies—counsel at Boies Schiller Flexner LLP,