AXS TV signs CBS as new investor:

AXS TV, the startup channel formed by Mark Cuban, AEG, Ryan Seacrest Media and CAA, has added CBS as a minority investor. The broadcast network has agreed to help market AXS and allow the network to cover the Grammys, Tonys, Kennedy Center Honors and other live events to develop "shoulder" programming. The deal reportedly does not involve cash or access to sports programming.

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