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Didn't WX buy CBS, sell Telprompter (Cable), spin off WX industrials, and then CBS bought Infinity and then recently re-ipoed it?

Yes, but not exactly in that order.

Westinghouse bought TelePrompter in the early 1980's but sold it off in the late 1980's (as I recall; I worked there but don't remember the exact dates.)

After the debacle in Westinghouse's Financial division (real estate crash of the mid-80's which caught the banks and REIT's as well) they eventually started spinning some industrial divisions, bought Infinity Radio and made it a wholly owned subsidiary, bought CBS from Larry Tisch, then spun Infinity out as an IPO (but retained around 85%) because the market wasn't recognizing the value of the Infinity acquisition, and just recently have taken Infinity back within the fold.

And, obviously, merged with Viacom, with Sumner Redstone holding the majority of voting shares.
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