The company’s new CEO, David Ellison, acknowledged the merger’s bumpy road in an open letter addressed to the company’s employees, shareholders and customers on Thursday. While most of the letter uses corporate-speak to look optimistically ahead, Ellison briefly broke character as he reflected on the company’s news division.

New Paramount owner says ‘all the right things’ during first stop at CBS News offices - EXCLUSIVE: ‘He didn’t botch it,’ a network employee said about David Ellison’s meeting. ‘Which is a decent start.

Skydance Media and Paramount Global completed their $8 billion merger as the FCC continues investigating CBS News for alleged news distortion in a Kamala Harris interview

Skydance and Paramount officially closed their $8 billion merger on Thursday — kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction over the finish line.