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Westinghouse to buy Infinity Broadcasting for 3.9 billion
CBS owner Westinghouse Electric to acquire Infinity Broadcasting for 3.9 billion, creating an 83-station radio operator with 1 billion in annual revenue, spanning 16 markets including Los Angeles New York and Chicago. The deal follows FCC deregulation easing ownership limits and confirms Stern and Imus as part of the merged network.
MENTIONED IN THIS ARTICLE
New York
CBS
Westinghouse Electric
Infinity Broadcasting
CBS Inc
Westinghouse
Infinity
General Motors
John Reidy
Smith Barney Inc
Los Angeles
Chicago
Af Radio
Micha
el H. Jordan
Infinity Broadcasting Corp
Mel Karmazin
Federal Communications Commission
FCC
Karmazin
Imus
New York Stock Exchange
Stern
Ince