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CBS Inc. today announced an offer to buy back $2 billion of its own stock and disclosed that it lost $55 million from its coverage of major league baseball this year.

The company also said its board has unanimously elected the company president and chief executive, Laurence A. Tisch, to the additional post of chairman, succeeding William S. Paley, who died on Oct. 26.

The company said it would repurchase up to 10.5 million shares of its common stock at $190 per share, a significant premium over recent prices.

As part of the buyback, CBS said the Paley estate, which controls an 8 percent stake, and Loews Corp., the Tisch-controlled company that holds a 24.9 percent interest in CBS, would tender their shares.

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