New York - CBS (NYSE: CBS) announced this week that it will fold its College Sports Television Networks (CSTV) businesses into the operations of CBS Sports, to include CSTV.com and its network of over 200 official collegiate athletics websites. Day-to-day operations at CSTV will now be overseen by Tony Petitti, EVP and executive producer for CBS Sports. CSTV founder Brian Bedol will stay on during the transition, and remain a senior advisor to CBS president and CEO Leslie Moonves. CBS acquired CSTV in 2005 for $325 million.

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