Version: 2008

August 16, 1999 11:15 AM PDT

CBS ratchets up Web investments

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The parent company of the namesake television network says it's buying a 22 percent stake in Wrenchead.com, an online seller of automotive parts, in exchange for $33 million in advertising and promotion over four years.

The story "CBS ratchets up Web investments" published August 16, 1999 at 11:15 AM is no longer available on CNET News.

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