CBS sells TV stations

CBS Corp. announced today it is selling seven of its owned and operated stations to equity-firm Cerberus Capital Management for $185 million dollars. The deal includes CBS affiliates in Austin TX, Salt Lake City (and its satellite station), CW affiliates in Providence and West Palm Beach, along with two low-power stations in the latter market.

Surprisingly, CBS did not sell its station in Green Bay, Wis.

Official CBS Corp. press release

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