CBS built its reputation on news, from Edward R. Murrow's wartime radio broadcasts to 60 Minutes, which has run since 1968. Its eye logo, designed in 1951, is among the longest-serving corporate marks in American broadcasting. It was known for decades as the Tiffany Network, a nickname earned by the quality of its programming and by its early lead in colour broadcasting.
Skydance Media, controlled by the Ellison family, combined with Paramount Global to form Paramount Skydance Corporation, ending the control National Amusements and the Redstone family had held over CBS and Paramount Pictures. Paramount Class A holders could take $23.00 in cash a share and Class B holders $15.00, and because the deal transferred control of CBS's television station licences it needed the consent of the Federal Communications Commission, which granted it over one commissioner's dissent.
The FCC granted the transfer of control of Paramount Global, including its CBS owned-and-operated television stations, from the Redstone-controlled National Amusements to Skydance and the Ellison family, with Commissioner Gomez dissenting. The order found no material public interest harm and granted the applications on the strength of commitments from Skydance that it described as firm and definite, although they were not written into the licences as formal conditions.
Latest news about CBS
No tagged news items yet. Deals, regulatory actions and recalls are added from SEC filings, regulators and trade press; only titles and links are stored.
Headlines link to the original publisher. Brandtree does not reproduce article text.
Frequently asked questions
Who is the parent company of CBS?
⌄
The parent company of CBS is Paramount Skydance, a publicly listed company headquartered in the United States.
Is CBS American?
⌄
Yes. CBS originated in the United States in 1927 and its owner, Paramount Skydance, is also headquartered in the United States.
Is CBS still owned by Paramount Skydance?
⌄
Yes. As of 16 September 2026, CBS is still owned by Paramount Skydance. The ownership record was last checked against primary sources on that date.
Sources (4) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.