CBS, Infinity Withdraw From Broadcasters Association

CBS Television and Infinity Broadcasting, both units of Viacom (VIA Quote), resigned from the National Association of Broadcasters, a nonprofit organization of U.S. radio and television stations and broadcast networks.

In a press release Wednesday, the companies said they both have been calling for the elimination of the national broadcast ownership cap, along with other restrictions. A spokesman for CBS said that the NAB board met Wednesay "and reaffirmed its commitment to a 35% ownership cap." He stated that the announcement was the main reason for the withdrawal from the organization. ...