CBS Considers Bid for Dick Clark Productions

NEW YORK: CBS Corporation has reportedly thrown its hat into the ring of potential bidders to take over Dick Clark Productions.

According to Reuters, CBS is one of four to six bidders that have moved into a second round of discussions. Other bidders include Ryan Seacrest and the private equity firms Colony Capital and Core Media Group. The companies reportedly have until August 31 to make their offers.

Dick Clark Productions is behind the Golden Globe Awards and So You Think You Can Dance. It is currently owned by Red Zone Capital.