CBS is part of Paramount Skydance (formerly Paramount Global), a media company controlled by David Ellison’s Skydance Media and backed financially by Larry Ellison, with the legacy Redstone family stake having been bought out in the merger and subsequent sale process.

Who owns CBS network now?

  • The CBS television network is owned by Paramount Skydance , the combined entity formed from Paramount Global and Skydance Media.
  • Paramount had long been controlled through National Amusements, the holding company of the Redstone family, but a deal transferred control to Skydance and its investors, effectively shifting CBS’s ultimate ownership.
  • David Ellison, founder of Skydance Media and son of Oracle founder Larry Ellison, is the key figure at the helm of the new parent group, with Larry Ellison providing major financial backing.

Quick corporate snapshot

  • CBS is one of the flagship TV assets under the CBS Entertainment umbrella inside Paramount Skydance, alongside CBS Studios, CBS News and Stations, and CBS Sports.
  • Paramount’s portfolio also includes other major brands such as Paramount Pictures, Nickelodeon, MTV, BET, Comedy Central, and the Paramount+ streaming service, all sitting in the same corporate family as CBS.
  • The CBS News division continues to operate as a news and information arm under this same corporate structure, but the strategic direction is now influenced by the Skydance-controlled board and shareholders.

Why this is a trending topic

  • The sale and merger drew attention because it involved regulatory approval under the Trump administration, with specific concessions touching on newsroom practices and diversity programs at Paramount and CBS.
  • Commentators in 2025 framed the deal as part of a broader consolidation wave in media, with traditional broadcast networks like CBS seeking scale to compete with streaming giants such as Netflix, Amazon, and Apple.
  • Discussions on forums and in news analysis often focus on how this ownership shift might affect editorial independence, programming choices, and the long‑term strategy of CBS in a changing TV landscape.

TL;DR: CBS is no longer an independently controlled “old-school” broadcaster; it is a key TV asset within Paramount Skydance, controlled by David Ellison’s Skydance-backed media empire after the takeover of Paramount and the exit of the Redstone family as controlling owners.

Information gathered from public forums or data available on the internet and portrayed here.