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No, in 2006 CBS and Viacom split into two different companies. Viacom (post-2006) owns Paramount Pictures, and the Viacom Media Networks (formerly MTV Networks). CBS owns the 1971-2005 Viacom a.k.a CBS Corporation, which gives them the rights to the Paramount Television library.

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Q: Does Viacom still own CBS or not?
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