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CBS completes CSTV purchase

CBS completed its $325 million acquisition of college sports cable TV and Internet specialist CSTV Networks last week.

CBS announced its intent to purchase CSTV in November 2005. CSTV will continue to operate as its own division under the CBS Television segment. Co-founder Brian Bedol will remain CSTV president and CEO, reporting directly to CBS president and CEO Leslie Moonves.

CBS plans to grow CSTV’s digital cable network and integrate its Internet properties with the CBS Digital Media Platform.

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