CBS News is part of the CBS television network, which is owned by Paramount Global, a large media company that has agreed to merge with Skydance Media through a multibillion‑dollar deal. Paramount Global itself has been principally controlled via the Redstone family’s holding company, National Amusements, which has held the largest voting stake in Paramount.

Who legally owns CBS News?

  • CBS News is the news division of CBS, a broadcast TV network in the United States.
  • CBS is owned by Paramount Global, the corporate parent that holds CBS Entertainment Group and related TV assets.
  • A merger agreement provides for Paramount Global (and thus CBS and CBS News) to combine with Skydance Media, with Skydance buying National Amusements, the Redstone family company that controls the largest share of Paramount Global.

Corporate control and structure

  • For years, control of CBS and Paramount’s predecessors has run through National Amusements, the holding company long associated with Sumner Redstone and later his daughter Shari Redstone.
  • Under the announced merger, Skydance Media’s transaction to acquire National Amusements effectively shifts control of Paramount Global (and CBS/CBS News) to Skydance’s ownership group, subject to regulatory and closing conditions.

Simple way to think about it

  • Day‑to‑day brand : Viewers see “CBS News” as the news arm of the CBS TV network. That network sits inside CBS Entertainment Group.
  • Corporate parent : CBS News reports up to Paramount Global, the publicly traded media company that owns CBS.
  • Control block : The largest, controlling stake in Paramount Global has been held by National Amusements, which Skydance is in the process of buying, giving Skydance effective control once the deal is fully completed.

In practical terms: CBS News doesn’t have a single individual “owner” like a private shop; it’s a division inside CBS, which is owned by Paramount Global, whose controlling stake is being transferred to Skydance through the National Amusements deal.

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