NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- CBS Corporation
(NYSE: CBS.A and CBS) announced today the full redemption of all of
its outstanding $335,000,000 7.25%
Senior Notes due June 30, 2051 (NYSE:
RBV) on November 5, 2010, the
redemption date. The redemption price is 100% of the unpaid
principal amount of the Notes, together with accrued and unpaid
interest up to, but excluding, November 5,
2010. The Notes will be called for redemption in
minimum denominations of $25 and in
multiples of $25.
Shareholders owning Notes through a broker, bank or other
nominee should contact that party for information. For more
information, shareholders of the Notes may call the paying agent
for the redemption, The Bank of New York Mellon, at
1-800-254-2826.
DISCLOSURE NOTICE: Some statements in this release may
constitute forward-looking statements. CBS Corporation
cautions that these forward-looking statements are subject to risks
and uncertainties that may cause actual results to differ
materially from those indicated in the forward-looking statements.
A description of risks and uncertainties can be found in CBS
Corporation's most recent Annual Report on Form 10-K and in its
other public filings and press releases. Except as required
by law, CBS Corporation does not assume any obligation to update
any forward-looking statements contained in this release as a
result of new information or future events or developments
About CBS Corporation
CBS Corporation is a mass media company with constituent parts
that reach back to the beginnings of the broadcast industry, as
well as newer businesses that operate on the leading edge of the
media industry. The Company, through its many and varied
operations, combines broad reach with well-positioned local
businesses, all of which provide it with an extensive distribution
network by which it serves audiences and advertisers in all 50
states and key international markets. It has operations in
virtually every field of media and entertainment, including
broadcast television (CBS and The CW – a joint venture between CBS
Corporation and Warner Bros. Entertainment), cable television
(Showtime Networks, Smithsonian Networks and CBS College Sports
Network), local television (CBS Television Stations), television
production and syndication (CBS Television Studios, CBS Studios
International and CBS Television Distribution), radio (CBS Radio),
advertising on out-of-home media (CBS Outdoor), publishing (Simon
& Schuster), interactive media (CBS Interactive), music (CBS
Records), licensing and merchandising (CBS Consumer Products),
video/DVD (CBS Home Entertainment), motion pictures (CBS Films) and
sustainable media (EcoMedia). For more information, log on to
www.cbscorporation.com.
SOURCE CBS Corporation
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