 The parent company of CBS News, Paramount, is part of the new business merger with the production company Skydance. CBS's Matt Piper says the new combined company is valued at about $28 million. Under the terms of the latest deal, Skydance would pay $2.4 billion for national amusements, which controls 77% of the voting shares for Paramount, while shareholders with non-voting stock will receive $15 per share or one share of non-voting stock in the new company.