CBS Corp. (CBS, CBS.A) said it concluded the sale of its television stations in four markets to Four Points Media Group, LLC, an affiliate of Cerberus Capital Management, L.P., for $185 million in cash.Following the sale, the company has now closed all of its earlier announced local TV station and radio station divestitures. In sum, it has sold 39 radio stations in 10 markets and 11 TV stations in seven markets for a total of $922 million since December 2006. The company now owns 29 television stations and 140 radio stations.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.