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CBS, Cincinnati Bell Spinning Off Real Estate into REITs

CBS Seeks Favorable Private Letter Ruling from IRS to Convert Outdoor Advertising Business Into a REIT, Cincy Bell Spins Off Data Centers in IPO
CoStar News
January 23, 2013 | 8:15 P.M.

Two major U.S. corporations have opted to spin off portions of their operations into new real estate investment trusts at the start of this year: CBS Corp. and Cincinnati Bell.

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