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.

On the first day as the new owner of Paramount, CEO David Ellison insisted that Skydance was “not involved” in the Donald-Trump Paramount settlement, but deflected questions about a potential Skydance side deal made with Trump to run PSAs.

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