 Paramount executives eventually gave up on the idea of a television network, and continued to produce series for other networks.In 1995, after four decades of television production for other companies, Paramount re-entered the broadcast network field when the company and Chris-Craft Industries launched the United Paramount Network (UPN), a television network that operated until 2006.Paramount's longtime television division is now owned by CBS Television Studios, and it has since founded a second version of Paramount Television under Viacom ownership.