Paramount TV Media, a privately owned US-based company founded in 2019, is a segment of Paramount Global. Its operations encompass broadcast television and radio, generating over $1 billion in revenue by 2024. The division includes domestic and international free-to-air networks (such as CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión), premium and basic cable networks (including Nickelodeon, MTV, Comedy Central, and BET), and television studio operations (CBS Studios, Paramount Television Studios, and SHOWTIME/MTV Entertainment Studios). Notable subsidiaries include CBS Sports, MTV, CBS Stations, Showtime Networks, CBS News, Pop TV, BET Networks, Viacom18, Smithsonian Channel, and Comedy Central. The segment functions as a core component of Paramount's traditional media business, while also contributing to its streaming initiatives.

2024 Revenue

Founded

2019

Headcount

-

Headquarters

US

Primary Segment

Entertainment Providers

Ownership

Privately Owned

News Summary:

Paramount Global announced a return to full-time office work for employees, starting in 2026, ending pandemic-era remote work policies. This decision was made by the company's CEO, David Ellison. Separately, Raphael Margules and J.D. Lifshitz were appointed to lead a new genre label for Paramount Pictures. The two previously worked under a first-look deal at New Line. There is no information provided about severance pay for employees laid off in November. A separate news story concerning TikTok and its algorithm is unrelated to Paramount Global.

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