Channel 5 is a British free-to-air public broadcast television channel owned and operated by Channel 5 Broadcasting Limited, a wholly-owned subsidiary of Paramount Global's UK and Australia division. It was launched in 1997 to provide a fifth national terrestrial channel in the United Kingdom.

Paramount Global is an American multinational mass media and entertainment conglomerate controlled by National Amusements and headquartered at One Astor Plaza in Midtown Manhattan in New York City. The company was formed on December 4, 2019, as ViacomCBS through the merger of the second incarnations of CBS Corporation and Viacom. The company took its current name on February 16, 2022.