Privately owned Paramount TV Media, headquartered in the US, was founded in 2019 and operates as a segment of Paramount Global. The company reported $17.1B in revenue as of 2025. Its TV Media division serves as the backbone of Paramount's legacy media business while supporting its growing streaming segment. This division consists of broadcast operations, including CBS Television Network, CBS Stations, and international free-to-air networks such as Network 10, Channel 5, Telefe, and Chilevisión. It also manages domestic premium and basic cable networks, which encompass Nickelodeon, MTV, Comedy Central, BET, and Paramount+ with SHOWTIME, along with international extensions of certain of these brands. Furthermore, the company oversees domestic and international television studio operations, including CBS Studios, Paramount Television Studios, SHOWTIME/MTV Entertainment Studios, and CBS Media Ventures.
On May 1, 2026, five consumers filed a lawsuit against Paramount Skydance, seeking to block its acquisition of Warner Bros. Discovery and unwind the earlier merger that joined the storied Melrose Avenue studio with David Ellison's Skydance Media, alleging that both transactions reduce marketplace competition. This development followed discussions among Attorneys General and politicians about potentially challenging Paramount Skydance’s purchase of Warner Bros. Discovery, though no official action from those parties had materialized as of that date.
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