The long saga of Paramount's sale to David Ellison's Skydance Entertainment is finally done; how is he likely to reshape the century-old media company for the future?

After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.

Paramount Global will take on a (slightly) different name when the entertainment company’s messy merger with Skydance Media finally closes next week. The stock, which will trade under the new ticker PSKY, has been hit with a downgrade on the news.