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CBS Acquires CSTV: College Sports TV for $325 Million
/ November 3, 2005 6:37 am

New York – Viacom's CBS announced on Thursday that it has acquired CSTV Networks, a broadcaster and webcaster of college athletics, for $325 million. CSTV: College Sports TV televises 30 men's and women's college sports, and hosts nearly 250 official collegiate athletics sites. CBS said it intends to closely integrate CSTV's operations with its own CBS Sports and CBS Digital Media units, adding that the addition of users will give it the Web's largest online sports audience, with 19 million unique users. The company will continue to be run by founder and CEO Brian Bedol. "Putting our existing resources and events together with these great cable and online assets makes tremendous sense," said CBS chairman and Viacom co-president Leslie Moonves. "In bringing our operations under one roof, our presence in the college sports community grows even stronger, and the programming possibilities on national cable, regional sports networks and the Internet are very exciting indeed." (AP)


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