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Liberty Turns Over CBS Shares - Broadcasting & Cable

Liberty Turns Over CBS Shares

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CBS and Liberty have completed their stock-for-station --plus cash-- deal.

Liberty, which is cashing out its 7.6 million shares in News Corp. in exchange for DirecTV, is turning over its CBS shares in exchange for $170 million plus TV station WFRV Green Bay.

Liberty's stake represented approximately 1% of its outstanding shares.

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