The long-running satire returns after a nearly 2.5-year hiatus and as a battle over its future has just concluded.

The corporate change comes as Skydance and Paramount wait for the FCC to greenlight their $28 billion merger. The companies’ concessions on DEI will likely convince the agency to approve the deal.

“ South Park ” kicked off its 27th season on Wednesday night, and in the debut episode, Trey Parker and Matt Stone literally ...