NEW YORK, Nov. 2, 2010 /PRNewswire-FirstCall/ -- CBS
Corporation (NYSE: CBS.A and CBS) announced today the full
redemption of all of its outstanding 6.625% Senior Notes due
May 15, 2011 on December 29, 2010, the redemption date.
The redemption amount is equal to the sum of the principal
amount of the Notes outstanding, the make-whole amount calculated
in accordance with the related indenture under which the Notes were
issued and accrued and unpaid interest on the Notes up to, but
excluding, the redemption date of December
29, 2010. The aggregate principal amount of Notes
outstanding on November 1, 2010 was
$543,891,000.
Holders owning Notes through a broker, bank or other nominee
should contact that party for information. For more
information, holders of the Notes may call the paying agent for the
redemption, Deutsche Bank Trust Company Americas, at
1-800-735-7777.
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