The Skydance/Paramount deal involves the transfer of 28 CBS-owned station licenses to the new entity.
Skydance emphasized the injection of $1.5 billion in new capital into the company.
Skydances pursuit of Paramount stretched over nearly eight months.
Paramount and SkydanceGetty Images
The companies announced plans to merge in July, with a total investment by Skydance of $8 billion.
Mr. Ellison and Mr. Tegna ultimately scrapped the deal.
Paramount Global already is in the midst of slashing 15% of its U.S. workforce.
The agency typically sets a 180-day shot clock to review transactions, although that is an informal timeline.
Supporters then would have until Oct. 22 to respond, and then opponents have until Nov. 1 to reply.
Skydance and Paramount have said that they expect the merger to close in the first half of 2025.