UPDATE: CBS Corporation Announces Redemption of Senior Notes Due 2056

CBS Corporation CBS announced today the full redemption of its $700 million outstanding 6.75% senior notes due March 27, 2056 CPV, on March 28, 2012, the redemption date. The redemption price is 100% of the unpaid principal amount of the notes, together with accrued and unpaid interest up to, but excluding, March 28, 2012. The notes will be called for redemption in minimum denominations of $25 and in multiples of $25.