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CBS ANNOUNCES ITS INTENTION TO SELL KLOU(FM) IN ST. LOUIS

     CBS ANNOUNCES ITS INTENTION TO SELL KLOU(FM) IN ST. LOUIS
    NEW YORK, Nov. 4 /PRNewswire/ -- CBS Inc. (NYSE: CBS) today announced its intention to sell KLOU(FM), located in St. Louis, Mo.
    In July 1991, CBS agreed to purchase substantially all of the assets of Midwest Communications, Inc., which include radio station WLTE-FM, located in Minneapolis.  The closing of that transaction is subject to the approval of Midwest's shareholders and the granting of certain regulatory consents and waivers.
    CBS currently owns seven AM and 12 FM radio stations.  If CBS's proposed transaction with Midwest is consummated, it will be necessary for CBS, within the time period permitted by the Federal Communications Commission, to divest itself of one FM radio station in order to comply with the commission's 12 station FM ownership limit.  The sale of KLOU(FM) is intended to ensure CBS's compliance with that rule.
    -0-             11/4/91
    /CONTACT:  Keith Fawcett of CBS, 212-975-6824/
    (CBS) CO:  CBS Inc. ST:  New York, Missouri IN:  ENT SU:  TNM PS -- NY091 -- 0968 11/04/91 18:10 EST
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Publication:PR Newswire
Date:Nov 4, 1991
Words:178
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