David Ellison, an actor-turned-producer and son of centibillionaire Larry Ellison, will helm Paramount after its merger with his Skydance media company is complete.

The Oracle chairman will not have any "veto rights, or any special or outsized voting rights," per an amendment filed with the FCC

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.

David Ellison met this week with Brendan Carr and FCC staffers to discuss the Paramount Global merger which is still under agency review.

Elizabeth Warren, Bernie Sanders and Ron Wyden also question whether Skydance was involved in discussions to cancel The Late Show with Stephen Colbert

More than a year after Skydance Media and its partners clinched a deal with Shari Redstone and Paramount Global to merge the companies, the FCC has yet to act on an application to approve the transfer of CBS licenses to the new ownership.

David Letterman didn't hold back in calling out Paramount for acting out of "cowardice" in canceling his former CBS program, "The Late Show."

Executive at Paramount Global can breathe a sigh of relief with FCC approval of its $8 billion merger with Skydance Media