Complex sentence: Scion's staff formed a new company named Squire, and refloated Scion under the name Scion Distributors, with Paterson continuing as editor; the magazine format was changed from digest to pulp with the first issue from Scion Distributors.
Split into simpler sentences: Scion's staff formed a new company named Squire, and refloated Scion under the name Scion Distributors, with Paterson continuing as editor. The magazine format was changed from digest to pulp with the first issue from Scion Distributors.