A Peek Into CBS Corporation’s Portfolio

CBS, one of the leading media companies in the United States, has a diverse portfolio of assets and subsidiaries under its ownership. Let’s delve into the details of who CBS owns.

CBS Corporation, now known as Paramount Global, was formed on January 17, 2006. Throughout its history, CBS has undergone several ownership changes. Initially, it operated as an independent entity from 1927 to 1995. From 1929 to 1932, Paramount Pictures held a 49% ownership stake in CBS. Following this, Westinghouse Electric Corporation acquired CBS in 1995, and the company became a subsidiary of Westinghouse.

In 1997, CBS Corporation once again became an independent entity until the year 2000 when it was acquired by Viacom. During this period, CBS Corporation operated under the umbrella of Viacom. However, in 2005, CBS Corporation regained its status as an independent company.

Fast forward to the present day, CBS Corporation has been rebranded as Paramount Global since 2019. Paramount Global is the parent company of CBS Entertainment Group, which oversees various divisions and subsidiaries.

One of the major divisions under CBS Entertainment Group is CBS Entertainment. This division includes CBS, CBS News, CBS News Radio, and CBS Interactive. CBS is a prominent television network that offers a wide range of programming, including dramas, sitcoms, reality shows, and news broadcasts. CBS News is a dedicated news division that provides news coverage across various platforms.

Another significant entity under CBS Entertainment Group is The CW Network. CBS owns 50% of The CW, with AT&T’s Warner Bros. division owning the other 50%. The CW is a broadcast network that primarily targets younger audiences with its programming, including popular shows like “Riverdale” and “The Flash.”

Additionally, CBS owns Decades, a digital multicast network, in a 50% partnership with Weigel Broadcasting. Decades offers viewers a curated collection of classic television shows, documentaries, and movies from various eras.

CBS Television Studios is another important subsidiary under CBS Entertainment Group. It produces and distributes television programs, including both scripted and unscripted content. CBS Television Studios is also involved in international distribution through its division called CBS Studios International.

In terms of film production, CBS Films falls under the CBS Entertainment Group. This division focuses on producing and distributing feature films across various genres.

Furthermore, CBS Home Entertainment is responsible for the distribution of CBS-produced content on physical media and digital platforms. CBS Records, in its current incarnation, is also part of CBS Entertainment Group, primarily involved in the production and distribution of music.

Lastly, CBS All Access is a streaming service owned by CBS Corporation. It offers subscribers access to a vast library of CBS content, including current and past television shows, live sports events, and original programming.

CBS Corporation, now known as Paramount Global, is the parent company behind CBS Entertainment Group, which encompasses various divisions and subsidiaries. These subsidiaries include CBS, The CW, Decades, CBS Television Studios, CBS Films, CBS Home Entertainment, CBS Records, CBS Interactive, and CBS All Access. Together, these entities contribute to CBS Corporation’s extensive media holdings and its presence in the entertainment industry.

What Companies Does CBS TV Own?

CBS TV, also known as CBS Broadcasting Inc., is a major television network in the United States. It is a subsidiary of ViacomCBS, a global media and entertainment conglomerate. CBS TV owns and operates several companies and divisions within the entertainment industry. Here is a detailed list of the companies owned by CBS TV:

1. CBS Entertainment: This division is responsible for producing and airing original programming for the CBS network, including popular shows like “NCIS,” “The Big Bang Theory,” and “Survivor.”

2. CBS News: CBS News is a renowned news organization that produces and broadcasts news programs, documentaries, and special reports. It covers national and international news, politics, business, and entertainment.

3. CBS News Radio: CBS News Radio provides news updates, features, and analysis to radio stations across the United States. It offers both national and local news content.

4. The CW: CBS TV jointly owns The CW Network with AT&T’s Warner Bros. division. The CW is a broadcast television network that focuses on young adult-oriented programming, including shows like “Riverdale,” “The Flash,” and “Supernatural.”

5. The CW Plus: The CW Plus is a national feed of The CW Network that is distributed to smaller television markets across the United States.

6. Decades: CBS TV owns 50% of Decades, a digital broadcast network that airs classic television shows and movies from the 1950s to the 1990s. Decades is a joint venture with Weigel Broadcasting.

7. CBS Television Studios: CBS Television Studios is the production arm of CBS TV. It produces a wide range of television shows, including dramas, comedies, and reality series. Some notable productions include “CSI: Crime Scene Investigation,” “The Good Wife,” and “Hawaii Five-0.”

8. Big Ticket Entertainment: Big Ticket Entertainment is a subsidiary of CBS Television Studios. It focuses on producing scripted dramas and comedies for network and cable television.

9. CBS Studios International: CBS Studios International is responsible for licensing CBS TV shows and other content to international markets. It distributes programming to broadcasters and streaming platforms worldwide.

10. CBS Films: CBS Films is a film production and distribution company. It primarily produces and releases mid-budget films across various genres, including dramas, comedies, and thrillers.

11. CBS Home Entertainment: CBS Home Entertainment handles the distribution of CBS TV shows, movies, and other content on physical media, such as DVDs and Blu-rays. It also manages digital distribution through platforms like iTunes and Amazon.

12. CBS Records: CBS Records, the current incarnation of the company, is involved in music production and distribution. It releases music from various genres and artists under the CBS brand.

13. CBS Interactive: CBS Interactive is the digital division of CBS TV. It operates various websites, including CBS.com, CBSNews.com, and CBSSports.com. It also owns and manages online streaming platforms like CBS All Access.

14. CBS All Access: CBS All Access is a subscription-based streaming service that offers on-demand access to CBS TV shows, original series, live sports, and news content. It also provides access to live streaming of CBS TV stations in select markets.

These are the major companies and divisions owned by CBS TV. Each entity plays a vital role in the overall operations and success of CBS Broadcasting Inc.

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Who Currently Owns CBS?

Currently, CBS is owned by Paramount Global. However, it is important to note the ownership history of CBS. Initially, CBS was an independent company when it was founded in 1927. Then, from 1929 to 1932, Paramount Pictures owned 49% of CBS. In 1995, Westinghouse Electric Corporation acquired CBS. After two years, in 1997, CBS became a part of CBS Corporation. In 2000, Viacom acquired CBS Corporation, but in 2005, CBS Corporation became an independent entity again. in 2019, CBS Corporation merged with Viacom to form ViacomCBS, which later changed its name to Paramount Global.

Is CBS Owned By Paramount?

CBS is not owned by Paramount. CBS Corporation and Paramount Global are separate entities. However, there is a historical connection between the two companies. Paramount Television was the original incarnation of the television studio, which later became CBS Paramount Television and eventually CBS Studios. CBS Corporation formed CBS Paramount Television in 2006 as a renaming of the original Paramount Television studio. But currently, CBS Corporation owns CBS Studios, while Paramount Global is the parent company of Paramount Pictures.


CBS, a major media corporation, has a diverse portfolio of ownership in various entities. It is an independent entity that was initially formed in 1927 and has undergone several ownership changes over the years. From 1929 to 1932, Paramount Pictures held a 49% ownership stake in CBS. Westinghouse Electric Corporation acquired CBS in 1995, and CBS Corporation was formed as a result. Viacom acquired CBS in 2000, but in 2005, CBS Corporation became independent once again. In 2019, CBS Corporation merged with Viacom to form Paramount Global, which is the current parent company of CBS.

CBS owns various subsidiaries and divisions, including CBS Entertainment, CBS News, CBS News Radio, CBS Television Studios, CBS Interactive, CBS All Access, and CBS Home Entertainment. It also has ownership stakes in other companies, such as AT&T’s Warner Bros. division (50% ownership of The CW) and Weigel Broadcasting (50% ownership of Decades). CBS has a rich history in the entertainment industry and continues to be a prominent player in television programming, film production, and digital media.

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William Armstrong

William Armstrong is a senior editor with H-O-M-E.org, where he writes on a wide variety of topics. He has also worked as a radio reporter and holds a degree from Moody College of Communication. William was born in Denton, TX and currently resides in Austin.