On Thursday morning, David Ellison will clock in for his first day at work as a media mogul. That’s when Ellison’s Skydance will officially get the keys to Paramount Global — the Sumner Redstone-created corporate giant whose falling fortunes come as streaming services and YouTube have spun the industry off its axis.

Ellison spoke with CBS journalists on his first day, acknowledging the stresses of the past year and touting the importance of “fact-based journalism,” a person in attendance said.

David Ellison and four other members of the New Paramount executive board spoke about their plans for the company on Thursday.