A potential merger of Paramount Skydance and Warner Bros. Discovery would reshape the media industry, putting some of the most renowned news and entertainment brands under the same roof.

Fresh off a merger with Skydance, Paramount is reportedly preparing to make a bid to take control of Warner Bros. Discovery. Here's what we know.

That cash would mostly come courtesy of Larry Ellison, who now boasts a $383 billion fortune per Bloomberg; recently trading blows with Tesla CEO Elon Musk for the top spot on the billionaires list. His fortune has grown over $191 billion this year as Oracle stock has exploded to new heights.

Variety spoke with a dozen CBS insiders to gauge the mood following the completion of the Skydance Paramount merger

Paramount Sports Entertainment will house Skydance Sports, develop scripted and unscripted programming, as well as interactive games and experiences.

Paramount has tapped Kenneth Weinstein to serve as ombudsman for CBS News, a widely buzzed-about move that comes on the heels of the company’s megamerger with Skydance and renewed focus on its editorial bend.

Paramount Skydance recruited Dane Glasgow, a veteran tech exec most recently at Meta’s Facebook, as chief product officer. Glasgow reports directly to David Ellison, chairman and CEO of Paramount Skydance,

Dini, who had been chief communications officer, will exit in the wake of Skydance's acquisition of the company.