Ellison spoke with CBS journalists on his first day, acknowledging the stresses of the past year and touting the importance of “fact-based journalism,” a person in attendance said.

David Ellison’s Skydance Media has closed its $8 billion merger with Paramount Global to create new company Paramount Skydance Corp.

Ellison, chairman and CEO, outlines new Paramount’s divisions, AI use, streaming growth, and exclusive content focus.