Liberty Media Corp. and CBS Corp. have sealed a deal: Liberty will exchange its nearly 7.6 million CBS common shares for a newly created corporate subsidiary of CBS, which holds the company's Green
Bay-owned TV station, valued at $64 million, and approximately $170 million cash in a tax-free split-off. The price at which Liberty will exchange its CBS shares will be based upon the average trading
price of CBS Class B shares during a specified period prior to the closing.