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 has nominated attorney Mary Boies, former judge Roanne Sragow Licht and venture capitalist Charles Ryan to its board of directors. Per the company's proxy filing, the trio were nominated by the media giant's governance committee after being introduced by a "non-management director and stockholder.