The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY. CBS All Access is a subscription streaming service that offers many original and syndicated CBS shows on smart TVs and streaming media devices like Roku.If you don't have access to CBS via an over. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks.

The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN.

It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world.

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