News Summary

• CBS News staffers say they're "cautiously optimistic" about their future under new Paramount CEO David Ellison.
• Ellison made their office his first stop minutes after taking control of the newly-merged company.
• The company, now dubbed "Paramount, a Skydance Corporation," oversees a variety of media and entertainment assets, including CBS, Comedy Central, MTV, the Paramount Plus streaming service and the iconic movie studio.
• Prior to the merger closing, Paramount and CBS agreed to settle President Donald Trump’s "election interference" lawsuit last month for a sum expected to be north of $30 million.