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Emit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-09-07 07:20 PM
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78. CBS Corporation Sold Local TV Stations in Four Markets to Cerberus Capital Management
Edited on Fri Mar-09-07 07:27 PM by Emit
CBS Corporation to Sell Local TV Stations in Four Markets to Cerberus Capital Management, L.P.

Divestiture Includes Stations in Austin, Salt Lake City, Providence and West Palm Beach

Last Update: 2:43 PM ET Feb 7, 2007

NEW YORK, Feb 07, 2007 /PRNewswire-FirstCall via COMTEX

CBS announced today it has entered into a definitive agreement to sell seven of its owned television stations to Cerberus Capital Management, L.P. for $185 million. The sale includes stations in Austin, Salt Lake City, Providence and West Palm Beach, and is subject to FCC approval and other customary closing conditions. Cerberus worked with TV veteran Dick Reingold on the transaction, and Cerberus was advised by CobbCorp, LLC and Wachovia Capital Markets, LLC.
Stations included in the agreement (and their network affiliations) are:

- KEYE-TV, Austin, Texas (CBS);
- KUTV (TV), Salt Lake City, Utah (CBS) and its satellite station
KUSG(TV), St. George, Utah;
- WLWC (TV), Providence, Rhode Island (The CW);
- WTVX(TV), West Palm Beach, Florida (The CW); and two Low Power Stations
in the West Palm Beach DMA, WTCN-CA (MyNetwork TV) and WWHB-CA (TV

The CBS Television Stations group currently consists of 39 stations, including 21 CBS, 11 The CW, three MyNetworkTV and four stations not affiliated with major networks.

Edited to add Cerberus' comments:
Cerberus was vague about its future plans for the stations. "We believe in the viability of local TV and believe it makes good investment sense," said Peter Duda, a spokesman for Cerberus.
From, February 7, 2007

No Link -- Acquired via LexisNexis
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  -Larger CIA and DoD Privatization Scandal Emerging from Walter Reed Story and US Attorney Firing leveymg  Mar-09-07 11:56 AM   #0 
  - Like the caveman  90-percent   Mar-09-07 11:59 AM   #1 
  - Mind-blowing  malaise   Mar-09-07 12:01 PM   #2 
  - I agree  Buttercup McToots   Mar-09-07 12:58 PM   #23 
  - Nicely researched!!  Roland99   Mar-09-07 12:03 PM   #3 
  - Curiouser and curiouser... - n/t  porphyrian   Mar-09-07 12:03 PM   #4 
  - Excellent -n/t  PhilipShore   Mar-09-07 12:04 PM   #5 
  - The Army Times sure does some good reporting  bobbie   Mar-09-07 12:05 PM   #6 
  - I only read part of this but I'm recommending  BlackVelvet04   Mar-09-07 12:07 PM   #7 
  - exactly.  robinlynne   Mar-09-07 12:20 PM   #13 
  - K&R  maddezmom   Mar-09-07 12:09 PM   #8 
  - Thankyou Mark - Now it is up to us to move Mark's compilation to MSM and hope  blm   Mar-09-07 12:12 PM   #9 
  - Salute, K&R, and use the links you'll find at the Research Forum:  Amonester   Mar-09-07 09:25 PM   #81 
  - My God! Where to begin????  BonnieJW   Mar-09-07 12:13 PM   #10 
  - K & R for all the research. Bookmarked as a resource.  Cerridwen   Mar-09-07 12:13 PM   #11 
  - thank you for all the work.  xxqqqzme   Mar-09-07 12:19 PM   #12 
  - Same here xxqqqzme  Lochloosa   Mar-09-07 12:51 PM   #20 
  - Why Cerberus, do you suppose...  annabanana   Mar-09-07 12:24 PM   #14 
  - These folks are never what they preach outwardly.  blm   Mar-09-07 12:52 PM   #21 
  - I was thinking the same thing annabanana,  Uncle Joe   Mar-09-07 01:04 PM   #29 
  - was wondering about that  kineneb   Mar-09-07 01:39 PM   #39 
  - yes, and in Hebrew and Islamic traditions he has other roles....  KoKo01   Mar-09-07 02:52 PM   #46 
  - republicon crony Dan Quayle's 'christian' Cerberus  SpiralHawk   Mar-09-07 03:03 PM   #51 
  - republicon crony Commander AWOL's insignia of loyalty  SpiralHawk   Mar-09-07 03:06 PM   #53 
     - What is it with republicons and darkside occult cabals? Perceptive question, SpiralHawk.  stubtoe   Mar-10-07 09:35 AM   #100 
  - You don't think it's appropriate?  Raksha   Mar-09-07 11:51 PM   #85 
     - Dogs of War, Inc.  Octafish   Mar-10-07 12:10 AM   #87 
  - "IAP Worldwide Services President Dave Swindle.."  EVDebs   Mar-09-07 12:35 PM   #15 
  - Jeebus that was some great research! Thank you K&R  BR_Parkway   Mar-09-07 12:43 PM   #16 
  - Hedge Fund!? Jesus, the Bush Administration makes it too easy to  The Backlash Cometh   Mar-09-07 12:45 PM   #17 
  - good point  blm   Mar-09-07 12:54 PM   #22 
  - Here's the link to that discussion from the General Discussion Forum:  The Backlash Cometh   Mar-09-07 01:00 PM   #25 
  - This is the same article and discussion from the Latest Breaking News section:  The Backlash Cometh   Mar-09-07 01:04 PM   # 
     - Here's the Army Times article link  leveymg   Mar-09-07 01:10 PM   #31 
     - Nope  Buttercup McToots   Mar-09-07 01:13 PM   #33 
        - That page has gone AWOL!  vickiss   Mar-10-07 10:26 AM   #102 
     - grazie  blm   Mar-09-07 01:11 PM   #32 
  - CNBC Analyst cautioned regulating Hedges would take "Liquidity out of the Economy..  KoKo01   Mar-09-07 03:05 PM   #52 
  - Former foreign-policy hands...advise hedge funds/Fortune 500's on how geopolitics affect investments  Emit   Mar-10-07 11:24 AM   #104 
  - This CNBC Analyst?  fooj   Mar-10-07 04:35 PM   #121 
  - I read something about that -- and found that back in '04, Quayle  Emit   Mar-09-07 03:51 PM   #58 
     - Amazing what they can make happen under the radar when media is focused on other  blm   Mar-09-07 04:15 PM   #59 
  - Holy KB&R!!!  Karenina   Mar-09-07 12:47 PM   #18 
  - Looks like the Army Times link as been yanked --  AikidoSoul   Mar-09-07 12:50 PM   #19 
  - Try this  leveymg   Mar-09-07 05:07 PM   #67 
  - War is their girlfriend, but they're married to privatization  GreenZoneLT   Mar-09-07 01:00 PM   #24 
  - Cheney started privatization of military logistics in 1991. Clinton let it stand.  blm   Mar-09-07 01:17 PM   #34 
  - K&R  bobthedrummer   Mar-09-07 01:02 PM   #26 
  - Bookmarked. Kicked. Recommended. Re-read. Snuggled.(? Why not?)  loudsue   Mar-09-07 01:03 PM   #27 
  - Careful Mark...  Buttercup McToots   Mar-09-07 01:04 PM   #28 
  - You are not kidding. The guy who alerted about Olmert's bias in the bid for Bank Leumi  Emit   Mar-09-07 03:42 PM   #57 
  - Important!!  Buttercup McToots   Mar-09-07 01:08 PM   #30 
  - WOOF!  dwp6577   Mar-09-07 01:18 PM   #35 
  - BCCI all over again  nadinbrzezinski   Mar-09-07 01:21 PM   #36 
  - BCCI never stopped - they just took it out of sight till they regained power  blm   Mar-09-07 01:40 PM   #40 
     - And notice the connections to failed World Com. Who would know  KoKo01   Mar-09-07 02:54 PM   #47 
     - Why did Clinton bury the BCCI investigation?  riderinthestorm   Mar-10-07 10:06 AM   #101 
        - Jackson Stephens  Octafish   Mar-10-07 12:28 PM   #110 
        - So if I follow you, Stephens' probably stipulated that Clinton had to bury the BCCI  riderinthestorm   Mar-10-07 01:19 PM   #117 
        - There probably was no quid pro quo. More likely it was: "Do it or else."  Octafish   Mar-10-07 09:54 PM   #125 
        - Another example: The Perseus Group  bobthedrummer   Mar-11-07 01:38 PM   #129 
        - I don't think Bill MEANT to do it, but BECAME compromised to the point of no return.  blm   Mar-10-07 12:29 PM   #111 
           - Octafish seems to be saying that Clinton was bought off by one of Poppy's bankers  riderinthestorm   Mar-10-07 01:32 PM   #118 
              - I agree with Octa - however Bill started he's with them now. Bush1 would likely have  blm   Mar-10-07 01:36 PM   #119 
              - I love your shiny hat.  fooj   Mar-10-07 04:48 PM   #122 
                 - Painfully clear that Clinton has been instrumental in providing the friendly face  blm   Mar-11-07 04:08 PM   #131 
                    - It IS painful.  fooj   Mar-11-07 04:50 PM   #133 
  - So, first there were S&Ls,  hootinholler   Mar-09-07 01:29 PM   #37 
  - Much harder  conscious evolution   Mar-10-07 12:50 PM   #113 
  - OMG this thing has tentacles everywhere  lovuian   Mar-09-07 01:34 PM   #38 
  - The Octopus  SpiralHawk   Mar-09-07 03:11 PM   #54 
  - Wowzer. n/t  AzDar   Mar-09-07 01:47 PM   #41 
  - Link for the Army Times CIA and DoD Privatization Scandal article  PhilipShore   Mar-09-07 02:08 PM   #42 
  - Thanks - this helps alot.  blm   Mar-09-07 02:37 PM   #43 
  - This makes Carlos Gambino's syndicate look like  Jacobin   Mar-09-07 02:40 PM   #44 
  - They developed schemes to put billions of tax dollars in their own pockets.  blm   Mar-09-07 02:56 PM   #48 
  - Mark, you should send this to Don Imus - he's been staying on Walter Reed like  blm   Mar-09-07 02:40 PM   #45 
  - You don't think Imus might suspect some of this....remember Lieberman  KoKo01   Mar-09-07 02:58 PM   #50 
     - Imus turned on Lieberman the other day because of Walter Reed.  blm   Mar-09-07 03:14 PM   #55 
        - But...will he "still love him 'Tomorrow?'" That's the question with Imus  KoKo01   Mar-09-07 06:48 PM   #75 
           - Kick...It's a "Heavy Read" Bookmark and take Weekend time...  KoKo01   Mar-09-07 06:55 PM   #76 
           - The reason BushInc gets away with so much is because people are lazy for the most part  blm   Mar-11-07 11:16 AM   #128 
           - Kick for the Long WEEKEND when READING is GOOD! Lots there in OP!  KoKo01   Mar-09-07 07:43 PM   #79 
  - Such important material here. Absolutely must read it all. Thank you so much. n/t  Judi Lynn   Mar-09-07 02:57 PM   #49 
  - afternoon kick  DemReadingDU   Mar-09-07 03:23 PM   #56 
  - Tremendous research and work bringing this altogether!  Pastiche423   Mar-09-07 04:17 PM   #60 
  - Will do. Also, more on the Rep. Lewis - Wilkes (MZM) scandal  leveymg   Mar-09-07 04:58 PM   #66 
  - Bookmarked and recommended!  robertpaulsen   Mar-09-07 04:32 PM   #61 
  - I keep getting error messages on the links nt  Peggy Day   Mar-09-07 04:34 PM   #62 
  - Army Times: Committee subpoenas former Walter Reed chief  PhilipShore   Mar-09-07 04:37 PM   #63 
  - PNAC members are heavily involved in the War Scam.  Disturbed   Mar-09-07 04:54 PM   #65 
  - Here's a couple of corrected links, too  Emit   Mar-09-07 04:50 PM   #64 
  - This link did not work, would you please check it. thx.  mod mom   Mar-09-07 05:09 PM   #68 
  - Here's that link  leveymg   Mar-09-07 05:28 PM   #69 
     - thank you. excellent thread-as usual!  mod mom   Mar-09-07 05:58 PM   #70 
  - Holy S***, Batman. Good work!  Canuckistanian   Mar-09-07 06:09 PM   #71 
  - That's a helluva map connecting the dots. Are you a PI or something?  sicksicksick_N_tired   Mar-09-07 06:26 PM   #72 
  - OMG. Absolutely breathtaking  Morgana LaFey   Mar-09-07 06:44 PM   #73 
  - Exactly - some of us have been mocked for years for pointing it out persistently  blm   Mar-10-07 01:05 PM   #115 
  - That page has gone AWOL!  cyberpj   Mar-09-07 06:46 PM   #74 
  - here's the link  highnooner   Mar-09-07 09:06 PM   #80 
  - I learned of this on Wash. Journal yesterday morning from a Dem  tnlefty   Mar-09-07 06:57 PM   #77 
  - CBS Corporation Sold Local TV Stations in Four Markets to Cerberus Capital Management  Emit   Mar-09-07 07:20 PM   #78 
  - They keep buying up all available media - the more media they own the more control  blm   Mar-10-07 12:54 PM   #114 
  - Let's make that 101 Recommendations! nt  kiteinthewind   Mar-09-07 10:08 PM   #82 
  - Thanks for this - it's a lot to digest  Synnical   Mar-09-07 10:37 PM   #83 
  - what we have in BushCo is a rogue executive branch . . .  OneBlueSky   Mar-09-07 11:26 PM   #84 
  - K & R for your incredible research. Also bookmarked,  Raksha   Mar-10-07 12:01 AM   #86 
  - Count me in...K & R  opihimoimoi   Mar-10-07 12:26 AM   #89 
  - Now THIS is a post. Infinite thanks, leveymg!  Octafish   Mar-10-07 12:22 AM   #88 
  - I wonder what the flow chart will look like?  nolabels   Mar-10-07 03:26 AM   #90 
  - Short form: A monkey's eye atop a pyramid.  Octafish   Mar-10-07 11:56 AM   #107 
     - I Copernic'ed for a BFEE flow chart and looked what popped up on top........  nolabels   Mar-12-07 03:44 AM   #135 
        - The pathetic thing is that mainstream media won't TOUCH any of those connections  blm   Mar-12-07 09:14 AM   #136 
           - In some ways corporate owned media outlets are doing us a favor  nolabels   Mar-12-07 10:37 AM   #137 
              - It forced many of us to get involved OURSELVES and dig deeper - but for how long  blm   Mar-12-07 10:47 AM   #138 
                 - How long for what?  nolabels   Mar-12-07 10:28 PM   #141 
                    - Internet access to the information we need to stay on top of BushInc.  blm   Mar-13-07 08:08 AM   #142 
  - And it may tie into the madam threatening to sell her  vickiss   Mar-10-07 01:07 PM   #116 
  - We have to keep moving with this one and not let it slip past....BushInc thrives  blm   Mar-10-07 06:36 PM   #123 
  - very helpful post  lebkuchen   Mar-10-07 03:38 AM   #91 
  - Excellent job! Please put it in the research section--  eridani   Mar-10-07 05:03 AM   #92 
  - Mind boggling! Has me eating my own face.  lonestarnot   Mar-10-07 05:36 AM   #93 
  - Oh muh gawd! We must inform our congressmen about this.  Major Hogwash   Mar-10-07 05:55 AM   #94 
  - K & R Excellent research.  Cobalt Violet   Mar-10-07 06:13 AM   #95 
  - Well, who'd a thunk it.  yibbehobba   Mar-10-07 06:34 AM   #96 
  - This Story is now Top of the Recomended List Over at DKos  leveymg   Mar-10-07 06:44 AM   #97 
  - Great thinks mind alike.  Octafish   Mar-10-07 10:54 AM   #103 
  - Just came from there, Mark. Good to see this story moving through the internet.  blm   Mar-10-07 12:49 PM   #112 
  - Oh golly, it's all connected  rman   Mar-10-07 07:46 AM   #98 
  - Kick  shanine   Mar-10-07 09:32 AM   #99 
  - Bump...up  Buttercup McToots   Mar-10-07 11:45 AM   #105 
  - ..  flamin lib   Mar-10-07 11:46 AM   #106 
  - The Dea, CIA, DoD, & Narcotrafficking  PhilipShore   Mar-10-07 12:04 PM   #108 
  - Funny how drug trafficking became MORE widespread since Bush took office.  blm   Mar-11-07 06:01 PM   #134 
  - kick  stonebone   Mar-10-07 12:17 PM   #109 
  - Someone might want to take a closer look at former US Army Major General Kenneth L. Privratsky  bobthedrummer   Mar-10-07 01:38 PM   #120 
  - kick!  ftr23532   Mar-10-07 07:05 PM   #124 
  - Great work there! On a related note:  MatrixEscape   Mar-11-07 12:12 AM   #126 
  - This is why the powerstructure had to keep Kerry out - he was an open government Dem  blm   Mar-11-07 10:43 AM   #127 
  - Vulture Fund Cerberus Weiging Bid for Chrysler!  KoKo01   Mar-11-07 02:11 PM   #130 
  - been away for a couple of days -- SO GLAD to happen across this!  nashville_brook   Mar-11-07 04:32 PM   #132 
  - ^^^^^^ Hey Journalists - do your JOB for a change!!! ^^^^^  blm   Mar-12-07 12:04 PM   #139 
     - Steve Kangas, James A. Hatfield, Danny Casolaro, Pete Brewton...  grasswire   Mar-12-07 01:07 PM   #140 

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