CBS Television Stations Acquires WLNY-TV - Broadcasting & Cable

CBS Television Stations Acquires WLNY-TV

Agreement creates duopoly with WCBS-TV in market
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CBS Television Stations has struck a deal with WLNY
Holdings, Inc. to acquire independent New York television station WLNY,
creating a duopoly in the market with WCBS.

WLNY, appearing as Channel 10 or 55, is distributed by
cable, satellite and subscription television service providers in the New
York-New Jersey-Connecticut tri-state area.

"Our acquisition of WLNY-TV presents a tremendous
opportunity for our TV Stations Division," said Peter Dunn, president, CBS
Television Stations.  "The combined strengths of CBS 2 and WLNY-TV will
give us a terrific platform for serving the entire New York area.  Our
plans for the station include adding people and resources to fuel a significant
expansion of local news programming well beyond the nightly half hour that
currently airs.  And, of course, in doing so we will continue to honor the
station's already deep commitment to serving the people of Long Island and the
entire tri-state area.  We also look forward to having a bigger and better
news bureau on Long Island that will be a terrific resource for WCBS."

Terms of the agreement were not disclosed.

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