Dierdorf Joins Michigan Booth For Football MWC Schools Increase Nat'l TV Exposure Final Ratings: NHL Playoffs, "Arnie" Media Notes Lakers RSN Ratings Reach New Low ESPN To Air Klitschko Title Bout Fox' Jay Glazer Details Recent Illness Colts To Launch On-Demand Video App Media Notes WrestleMania PPV Strong Despite WWE Net
Upcoming Conferences and Events
CBS STOCK REBOUNDS AFTER TAKEOVER REPORT
Published May 1, 1995
CBS, Inc. stock "jumped" on Friday after reports that CBS Chair & CEO Laurance Tisch was negotiating to sell his stake in the company to Westinghouse Electric. CBS closed up 3 1/4 at 64 3/4 on the NYSE. CNBC commentator Dan Dorfman had reported that Westinghouse would offer about $80 a share for CBS stock. Rob Morrow, a Westinghouse spokesperson, said the company "doesn't speculate on rumors or speculation" (N.Y. POST, 4/29). NO CHANGE AT FOX? ELECTRONIC MEDIA is reporting that the FCC is all but "scrapping a plan to make Fox restructure and instead may give Rupert Murdoch a foreign ownership waver" (AD AGE/ELECTRONIC MEDIA, 5/1 issue).