Tag Archives: CBS Outdoor Convert Into REIT

Just A Week After Spin, CBS Outdoor Americas Announces Acquisition Of Van Wagner Assets

Less than a week after the completion of an exchange offer that fully separated it from former parent CBS (CBS), and its subsequent conversion to REIT status, CBS Outdoor (CBSO) has announced a major acquisition which will grow the company’s footprint significantly. The company will be purchasing approximately 1100 billboards from Van Wagner Communications, LLC for $690 million in… Read More »

CBS Receives Favorable IRS Private Letter Ruling For CBS Outdoor Americas

CBS Corporation (CBS) continues to make progress in its three step plan for outdoor advertising company CBS Outdoor Americas (CBSO). The first milestone was achieved last month with CBSO’s successful IPO and now CBS has received a favorable private letter ruling from the IRS regarding the conversion of CBSO into a REIT. According to CBS CEO and President Les… Read More »