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CBS Corp To Convert Americas Outdoor Unit Into REIT-Reuters

Wednesday, 16 Jan 2013 06:04pm EST 

Reuters reported that CBS Corp is planning to convert part of its billboard division into a real estate investment trust (REIT). The Company plans to turn its billboard business in the Americas, which includes Canada, Latin America and South America, into a publicly traded trust known as a REIT. Its outdoor advertising businesses in Europe and Asia are up for sale. 

Company Quote

0.84 +1.59%
23 Oct 2014