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CBS may sell assets to cut its anti-takeover debt.

September 25, 1985

Industry sources said the network is considering selling such assets as its 29% interest in Tri-Star Pictures, its St. Louis television station and its CBS toys division. Proceeds from such spinoffs would be used to retire some of the $954.1-million debt that CBS took on in a recent stock buy-back designed to block Ted Turner's attempted hostile takeover.

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