Paramount Stations Group (sometimes abbreviated as PSG) was an American television broadcasting company that was renamed from the TVX Broadcast Group in 1991 after Paramount Pictures gained full ownership of the group. At the time, it owned several Fox affiliates (KRRT, WLFL-TV and WTXF-TV) and independent stations (KTXA, KTXH and WDCA). Shortly thereafter, the group began its expansion with its purchase of then-Fox affiliate WKBD from Cox Enterprises in 1993.
After Viacom (which owned several CBS and NBC affiliates) purchased Paramount in 1993 (with the purchase finalized in March 1994), it entered into a joint venture with Chris-Craft Industries to launch the United Paramount Network (UPN). PSG's independent stations (KTXA, KTXH and WDCA) and some of its Fox affiliates (KRRT and WKBD) flipped to UPN, while other stations were sold to other companies (WTXF was sold directly to Fox, while WLFL was sold to the Sinclair Broadcast Group and KRRT to Jet Broadcasting). PSG then sold off its CBS and NBC affiliates and acquired several additional UPN-affiliate stations during the mid-to-late 1990s. PSG's parent company Viacom eventually bought out Chris-Craft's stake in UPN in 2000; Chris-Craft, in turn, sold its television stations to Fox Television Stations in 2001.
In 2001, after Viacom purchased the CBS network (its former parent), PSG was combined with the CBS O&O stations to form the Viacom Television Stations Group. Today, that group is called the CBS Television Stations Group.
Read more about Paramount Stations Group: Stations
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