CBS Corp. Sells Seven TV Stations
February 7, 2007 at 3:41 PM (PT)
CBS CORP.'s selloff of medium-market radio properties is now extending to the TV side as well with the sale of seven stations in the AUSTIN, SALT LAKE CITY, PROVIDENCE, and WEST PALM BEACH markets to CERBERUS CAPITAL MANAGEMENT LP for $185 million.
The stations being sold include CBS affiliate KEYE-TV/AUSTIN; CBS affiliate KUTV-TV/SALT LAKE CITY and its satellite KUSG-TV/ST. GEORGE, UT; CW affiliate WLWC-TV/PROVIDENCE; and CW affiliate WTVX-TV, LPTV MY NETWORK TV affiliate WTCN-CA and LPTV AZTECA AMERICA affiliate WWHB-CA in FT. PIERCE-WEST PALM BEACH.