CBS To Sell KUTV

CBS announced today the sale of 7 television stations, including KUTV Salt Lake City and KUSG in St. George to Cerberus. In Utah CBS owns the two television stations as well as some outdoor (billboard) properties.

The Deseret Morning News reports that station manager David W. Phillips said viewers will see "virtually no change" in programming.

Cerebrus, whose name-sake is strangely the "hound of Hades" in Greek mythology, is a New York based private investment firm. Currently they own no television properties, although they manage $22 billion dollars worth of other properties accoring to the CBS press release.