...CBS cut its dividend by 81 percent in February and said it can pay debt maturities through 2012. Last month, the New York- based company sold $1 billion in new bonds to fund general corporate purposes, including repaying debt. Dana McClintock, a spokesman for CBS, declined to comment. Moody’s Investors Service also rates CBS one level above junk, and Fitch Ratings ranks the debt one step higher at BBB...

http://www.bloomberg.com/apps/news?pid=206...S4&refer=us

Well what did they do with all the money they got from unloading the Paramount Parks?

Sumner Redstone controls the company, along with Viacom. No doubt National Amusements, which technically controls it, had something to do with it!

The sale of the parks generated $1.4B...CBS's debt is over $7B.

Uh, Cedar Fair paid $1.24 billion, unless I missed something...your figure was off only by $160 million...even rounding errors become huge when you are talking about this much money!

Yeah...I mis-typed (that happens to me a lot on the iPhone... ) Of course, I meant $1.24B--I've repeated that figure on this board enough times over the years that I think you know that I know exactly how much CF (over) spent

But...thanks for taking the time to point it out.