The merger between Paramount and Skydance has officially been finalized. The two organizations are now one company. What the future holds is far from clear. There are numerous questions, particularly surrounding CBS as a news organization and whether we might see significant changes to the way news is handled under the new regime.

The Federal Communications Commission has cleared the way for Paramount Global to complete its merger with Skydance Media, announcing Thursday that it has approved the deal. The decision removes a final hurdle for the media and entertainment companies to close their transaction. Paramount is the parent company of CBS.