Short answers, pulled from the story.
CBS Corporation and Viacom officially merged to form ViacomCBS on the 4th of December 2019. This merger marked the culmination of a decades-long saga of splits, acquisitions, and power struggles that began with the founding of the Famous Players Film Company in 1912 and the establishment of CBS in 1927.
ViacomCBS changed its name to Paramount Global on the 15th of February 2022. This rebranding was a strategic move to unify the company's diverse assets and reflect its aspirations to leverage the iconic global name.
The merger between Paramount Global and Skydance Media was approved on the 24th of July 2025 and closed by the 7th of August 2025. This deal was valued at $28 billion and resulted in David Ellison assuming the roles of chairman and CEO of the merged entity.
Paramount Global canceled The Late Show with Stephen Colbert after agreeing to pay a $16 million bribe to settle a lawsuit filed by President Donald Trump regarding deceptive editing of an October 2024 60 Minutes interview. The cancellation was reported to have been informed to Colbert's talent manager on the 27th of June.
Paramount Global is structured into three business segments: Filmed Entertainment, Direct-to-Consumer, and TV Media. The Filmed Entertainment segment includes film studios and Nickelodeon-branded studios, the Direct-to-Consumer segment focuses on streaming services, and the TV Media segment consists of linear television networks and content production.