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Technology Stocks : CBS MarketWatch (NASDAQ:MKTW)

MKTW 16.58

-1.3%

Nov 3 3:59 PM EST

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To: esecurities(tm) who wrote (491)	2/5/1999 9:47:00 AM
From: esecurities(tm)	Read Replies (2) of 571

"CBS looking at plan to spin off Web assets" NEW YORK, Feb 5 (Reuters) - "...Media company CBS Corp. (NYSE:CBS - news), hoping to benefit from the boom in Internet stocks, is considering a plan to turn its Web assets into a public company, officials said Friday. The plan, outlined by CBS Chief Executive Officer Mel Karmazin in a conference call Thursday with Wall Street analysts, is ''one of several strategic options being looked at,'' a source at the network told Reuters. The source acknowledged CBS' interest in selling to the public a portion of its Internet assets, which include a 38 percent stake in Marketwatch.com Inc. (Nasdaq:MKTW - news) and its 12.5 percent stake in SportsLine USA Inc (Nasdaq:SPLN - news). But he gave no further details and pointed to Karmazin's comments about the preliminary plan which were published in Friday's Wall Street Journal. Karmazin was reported to have said the new unit could be owned jointly by CBS and Infinity Broadcasting Corp. (NYSE:INF - news) -- itself a CBS spinoff -- might be called CBS.com, and could be used to invest in other Internet stocks. ''If this is where people want to be, we want to be there to sell them advertising and have a piece of their commerce,'' Karmazin told the analysts..." source: &copy 1999 REUTERS biz.yahoo.com

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