The deal is part of an effort by Westinghouse, which bought CBS last year, to expand into cable.

We used to concentrate on buying CBS or a movie studio.

Instead, he bought CBS, and began the company's metamorphosis.

But some television executives see no need for Turner to buy CBS.

I don't care if people buy or sell CBS.

In fact, the company ended up buying CBS.

Two months ago, the media giant Viacom, which bought CBS earlier this year, said it would sell the building.

The next day brought news that Westinghouse was buying CBS for $5.4 billion.

It is widely expected that Westinghouse would have to sell some assets to buy CBS.

Welch had tried to buy CBS just that spring.