Just a few paces from the Shari Redstone studio in the Paramount building near Times Square, newly minted CEO David Ellison, flanked by members of his executive team, met the press for the first time since wrapping up Skydance’s $8 billion merger with the legacy media giant. Immediately, Ellison found himself in the hot seat when Fox Business Network’s Charlie Gasparino asked him to address Donald Trump ’s claim that he’d made a side deal with the new owners that would include airing $20 million worth of ads, public service announcements, “or similar programming” as part of a settlement to resolve the president’s lawsuit against CBS News over the editing of a 60 Minutes interview.

“We were not involved in the settlement in any way,” Ellison replied, adding that Skydance

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