As predicted, CBS acquired CSTV for $325mln. The transaction likely will close in early ’06, following the Viacom split. CSTV chief Brian Bedol will head the new entity. — WealthTV signed a long term affiliation agreement with Optical Ent Net to roll out Wealth in digital and HD on OEN’s fiber-to-the-home IPTV service, set to launch within 60 days to 1.6mln HHs in Houston. — S-A retained Credit Suisse First Boston and Evercore to explore options, including selling all or parts of the company, The NY Post reported. No confirmation from S-A.

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Byron Allen ready to Make Disney Buy

Allen Media Group Chair/CEO Byron Allen believes that if anyone could succeed in a bid to purchase assets from Disney , his company would be able to get it done. He’s bidding $10 billion for assets that

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