News Summary

• The name Skydance comes from Ellison’s love of aviation and aerobatic “skydancing.” There was a year-long bidding battle for Warner Bros.
• Discovery, leaving Ellison as the top bidder after Netflix dropped out.
• As part of the consent decree, Paramount agreed to establish an oversight board of journalists to protect the editorial independence of CNN and CBS News.
• Critics called the oversight “toothless,” noting that its members are appointed and paid.