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.
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