Back to TVNewsCheck Home

CBS Gets Favorable IRS Outdoor Ruling

Deadline | by TVNewsCheck

CBS gets the OK to convert its billboard business into a real estate investment trust, which will save it a bundle on taxes later this year when it unloads the 81% interest it still has in the outdoor business. CBS shares are up 1.6% while CBS Outdoor Americas — the billboard company that the broadcaster spun off early this month — is up 6% following the ruling.