Paramount TV Media is a privately owned company headquartered in the US, operating as a segment of Paramount Global. Founded in 2019, the company reported $17.1B in revenue as of 2025. It serves as a core component of Paramount's media business, supporting both its legacy operations and its streaming segment. The division encompasses broadcast operations, including CBS Television Network, CBS Stations, and international free-to-air networks such as Network 10, Channel 5, Telefe, and Chilevisión. Additionally, it manages domestic premium and basic cable networks like Nickelodeon, MTV, Comedy Central, BET, and Paramount+ with SHOWTIME, along with international extensions of these brands. Its operations also include domestic and international television studio operations through entities such as CBS Studios, Paramount Television Studios, SHOWTIME/MTV Entertainment Studios, and CBS Media Ventures.
On March 22, 2026, Paramount's espionage thriller *Special Ops: Lioness* will be removed from Netflix in Canada, Australia, and several Latin American countries by mid-April, effectively ruling out additions for future seasons. Previously, on March 21, Paramount and Hasbro quietly halted development on a G.I. Joe sequel script from Max Landis, citing creative differences, though a separate version from Danny McBride continues to progress. Also on March 21, Paramount/Skydance acquired Warner Bros Discovery earlier this year, outbidding Netflix for the studio and potentially bringing characters like Bugs Bunny and SpongeBob SquarePants under the same ownership. Earlier the same day, CBS News announced it would cut 6 percent of its staff and shut down CBS News Radio after nearly 100 years in operation.
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