CABLEVISION <CVC> DEAL VALUED AT 56.2 MLN DLRS
Cablevision Systems Corp said its
agreement to buy from CBS Inc <CBS> and the Washington Post Co
their partnership interests in four regional sports services
will have a value of about 56.2 mln dlrs.
    It said the sports services, managed by Rainbow Program
Enterprises, is expected to close by the end of the year.
    The services include SportsChanel Associates (New York),
SportsChannel PRISM Associates (Philadelphia), SportsChannel
Chicago Associates and SportsChannel New England Limited
Partnership.
 Reuter
