 The entertainment companies Paramount, which owns CBS and Skydance, are planning to merge. If the deal is approved by regulators, the combined company would be called New Paramount and be valued at around $28 billion. Time on the Roundup, seven minutes past the hour. Sneezing, coughing, stuffy nose, runny nose, post-nasal drip, interrupted sleeping. I just was groggy at the end of the day.