Breaking News

CBS Outdoor sold abroad

CBS Corp. has agreed to sell its overseas outdoor ad business to Tom Gores’ Platinum Equity for $225 million.
CBS will retain its US and Canada billboard operations and convert them into a Real Estate Investment Trust, a tool for lowering taxes.
CBS chief Les Moonves said the deal will… …read more
Source: NY Post

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Posted by on July 17, 2013. Filed under Business News,U.S. News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.