CSTV Joins the CBS Family: In the media world, tracking who owns whom can be as tricky as tracing your family’s heritage back to the 16th century. So here’s a quick lesson: CBS, a child of the massive Viacom media conglomerate, is breaking free to run its own family tree. And one of the newest children in the CBS fold is CSTV Networks. CBS, which will complete its split with Viacom soon, bought the college sports network for $325 million. That transaction will likely wrap up in January. As part of the deal, CBS acquires CSTV’s television network and more than 250 official college sports Web sites. Hoopville has a partnership with CSTV and provides content to its Web site, www.cstv.com.
[11/03/05]