CBS Closes on CSTV
By John Eggerton -- Broadcasting & Cable, 1/5/2006 11:46:00 AM
CBS has closed on its $325 million purchase of CSTV Networks, the college sports digital cable net/Internet properties, for $325 million.
CSTV will operate as a separate division, with co-founder Brian Bedol remaining president and CEO, reporting to CBS President/CEO Leslie Moonves.
Selling cable startups is old hat (or should that be helmet) for Bedol, who co-founded Classic Sports Network and eventually sold it to ESPN (now ESPN Classic).
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