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.

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?

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.