Mega-merger of Paramount and Warner Bros. Discovery takes effect

On Tuesday morning, the new company named Skydance began trading on the NYSE, creating one of the largest media companies in the world . Skydance promoted the merger as a good thing for consumers, saying they can “expect greater innovation from a company built with technology at its core, including significant improvements to its direct-to-consumer streaming products, which will unify into a single service over time.” CNN is also a part of Skydance as of Tuesday. CNN's Brian Stelter reports.

Read the original report at Cnn.