 The new chairman and CEO of the combined company will be David Ellison, and Jeff Schell, formerly CEO of NBCUniversal, will be its president. The new company will be positioned to improve profitability. That is a nod to its recent struggles. The deal is expected to be completed in the first half of 2025. Now, this agreement includes a 45-day go-shop period in which Paramount's board can solicit alternative proposals.