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Strategies & Market Trends : Yahoo and other bubbles...when will they burst?
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: Dave Mansfield who wrote (49)2/5/1999 8:52:00 AM
From: marion (Hijacked)  Read Replies (1) of 139
 
More internet stock for sale?

<<Is CBS planning to spin off Internet units?
By Bloomberg News
Special to CNET News.com
February 5, 1999, 5:30 a.m. PT

CBS may sell shares in its Internet units to the public, according to reports.

Chief Executive Mel Karmazin said the plan to create a separate, public company concerns its 38-percent stake in Marketwatch.com, the online financial news service, and its 11 percent stake in SportsLine USA, the Wall Street Journal reported.

Karmazin said the new unit could be owned jointly by CBS and Infinity Broadcasting, its separately traded radio unit; stock from the new company, which he called CBS.com, could then be used to invest in other Internet companies, the newspaper said.

CBS was the most-watched network among both U.S. households overall and 18- to 49-year-old viewers for the first time in several seasons on the strength of its new football contract. >>
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