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.

Skydance Media finally took the reins of Paramount Global on Thursday — capping a long-winding saga after the $8 billion merger risked being derailed by political scrutiny and shareholder concerns. The new publicly traded company,