The FCC has approved Paramount and Skydance’s $8 billion merger after executives at the companies committed to

After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.

Paramount Global will take on a (slightly) different name when the entertainment company’s messy merger with Skydance Media finally closes next week. The stock, which will trade under the new ticker PSKY, has been hit with a downgrade on the news.