Summary:

SportsLine.com and CBS announced they’ve amended their investment agreement, deferring certain payments in stock from the sports-news servic…

SportsLine.com and CBS announced they’ve amended their investment agreement, deferring certain payments in stock from the sports-news service to CBS to keep the latter’s level of holdings below majority control. CEo and founder Mike levy discusses the future: On competition against players like Real and Yahoo: “We welcome Real and Yahoo. Real pays a rights fee [i.e. the PGA Tour], and we share in all rights fees. Our subscription service is based on fantasy sports.”

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