News: November 2, 2005 - CBS to Buy CSTV?
According to Bloomberg News, CBS is in talks with CSTV about purchasing the
College
Sports Network... Viacom's CBS broadcasting is in talks to buy College Sports
Television
Networks, a two-year-old channel backed by investors including George Soros,
Coca-Cola,
and J.P. Morgan Chase, according to people familiar with the negotiations.
Viacom Co-President Leslie Moonves is leading the talks for CBS, said the
people, who
declined to be identified. Closely held College Sports, with 15 million
subscribers, may be
worth as much as $500 million, said two people representing College Sports.
College Sports, based in New York, includes a cable channel that airs more than
35 sports,
including some National Collegiate Athletic Association championship games.