United StatesParamount Skydance now owns CBS, CNN, HBO and Nickelodeon.
The $111 billion merger closed Tuesday after Netflix dropped its rival bid in February.
HBO Max, Paramount+ and Discovery+ will merge into one service over time, the company said.
CBS and CNN will operate independently under a new Editorial Independence Board, the company said.
The company has not said whether it will merge Cartoon Network and Nickelodeon.
How each outlet framed it
- Ars Technica
- maps streaming unification timeline as indefinite ('over time'); anchors strategy to HBO Max-Disney bundle success model
Sources: Ars Technica