Former TV anchor Connie Chung said on Friday that the recent Paramount Global-Skydance Media merger could mark the end of CBS News as she once knew it.

Now that David Ellison's Skydance has secured the keys to Paramount Global, what toys await him inside the company's intellectual property chest? After a nail-biting federal approval process that inspired backlash,

Following a near two-and-a-half-year hiatus, the premiere episode shows a naked Trump trying to seduce Satan, and came a day after the show's creators Trey Parker and Matt Stone had reached a $1.5 billion streaming deal with Paramount.

Former CBS News anchor Connie Chung criticized Paramount Global's merger with Skydance Media for eliminating "unbiased" journalism at her old network.

Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.

With this week’s FCC approval, the merger between Paramount Global and Skydance Media is expected to be completed in the coming weeks at a value of $8 billion. The question for the new company is whether the psychic cost is much higher.

MoffettNathanson says it will be awaiting clarity on the future of Paramount+ and the linear network portfolio

Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.