It has become clear that Trump's dissatisfaction with CBS News is proving to be a major hurdle, and Paramount will likely need to pony up concessions to win approval for its merger with Skydance, The Wall Street Journal reported Friday.

Paramount, owner of CBS, its namesake studio and several cable channels, has a major piece of business in front of the new administration: its planned merger with Skydance Media.

President-elect Donald Trump's $10 billion lawsuit against CBS News for alleged "deceptive conduct" may end up with him raking in a significant sum of cash in exchange for the incoming administration green-lighting a proposed merger.