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<p>arm), it is also the television <a href="page.php?w=production_company">production</a> arm of <a href="page.php?w=The_CW">The CW</a> (in which Paramount has a 9.5% ownership stake; along with Warner Bros. Discovery).</p>

<p><big>History</big></p>
<p><big> Predecessors </big></p>
<p><big> CBS's original production and distribution units </big></p>
<p>In 1952, the <a href="page.php?w=CBS">Columbia Broadcasting System</a> (CBS) formed an in-house television production unit, CBS Productions, as well as facilities in the newly established <a href="page.php?w=Television_City">Television City</a></p><p>
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